institutional demand
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Anchorage Digital Considers Cancelling Litecoin Custody Support and Reducing Focus on NFT
On March 15th, a spokesperson for the crypto custody bank Anchorage Digital revealed that it is currently considering canceling the utilization asset custody support, including Litecoin, because the company needs to provide services to customers in the current and expected markets in areas of greatest concern. In addition, the spokesman also revealed that Anchorage Digital will reduce its focus on NFT. He said, “Anchorage Digital’s business has low institutional demand for certain types of digital assets (such as NFT), so it will reduce its focus on these digital assets, which means that after the recent release of NFT features, it will reduce investment in institutional level NFT features.” However, according to data from DappRadar, despite the low adoption rate of institutional NFT, However, retail investors’ NFT trading volume remains relatively strong, with a trading volume of over $2 billion in February 2023. Anchorage Digital: Consider eliminating low utilization digital asset hosting support Analysis based on this information:Anchorage Digital, a…
