Former Coinbase custody head joins Anchorage Digital as COO

ChainCatcher news, according to The Information, cryptocurrency custodian Anchorage Digital announced the appointment of former Coinbase custody head Aaron Schnarch as its Chief Operating Officer, responsible for overseeing all business lines.

It is reported that Anchorage Digital, headquartered in San Francisco, is one of the largest institutional cryptocurrency custodians and holds a federal banking license. Apollo Global Management and the emerging cryptocurrency exchange EDX Markets are both clients of the company. With support from Goldman Sachs, KKR, and Andreessen Horowitz, the company was valued at over $3 billion in its latest funding round in 2021.