Anchorage Launches Crypto Brokerage Service
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Jan. 16, 2020
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Popular crypto custodian Anchorage has just launched a brokerage service, the company CEO has announced.

This new brokerage service, dubbed Anchorage Trading, will allow institutional investors to store their cryptos with Anchorage so that they can trade directly from its platform, which charges a flat fee of 10 basis points per trade. The number of available assets will increase in the future and clients will be able to suggest new cryptos for listing.

In addition, the custody service has also announced the acquisition of the analysis company Merkle Data to expand the functionalities of its new crypto brokerage service. The firm, which was founded back in 2018, helps its clients detect manipulative behavior and other risks in the crypto market.

Merkle CEO Louis Baudoin said:

"For the past 18 months, Merkle Data has been building the most advanced risk and data solution on the market, while Anchorage has built the most advanced and user-friendly custody solution."

Merkle Data has already been integrated into Anchorage's trading service, which means that its users can already make use of its date to implement their investment strategies.

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