Anchorage Launches New Crypto Wallet for Institutions Amid Market Struggles
• Anchorage Digital is launching Porto, a new self-custody wallet product for institutional crypto investors.
• Porto builds on Anchorage's existing custody technology but allows clients more flexibility to interact with crypto apps and networks.
• The launch comes as Anchorage looks to diversify revenue amid crypto market struggles in 2022.
• Anchorage is positioning itself to provide custody services for future spot Bitcoin ETF products.
• The company aims to compete by providing an easy-to-use custody solution across mobile and desktop.