Cryptocurrency bank Anchorage Digital Bank said Thursday it has added global USD wire transfers.
“We’re eliminating the operational complexity of managing both cash and crypto,” the bank’s CEO Nathan McCauley said in a statement. “Our clients can now consolidate assets with a single, federally regulated banking partner and move funds efficiently across both.”
According to Anchorage, it is the only federally chartered crypto bank in the U.S., and this move makes it the “first crypto-native institution to offer both cash and crypto services through a unified, federally regulated platform.”
Crypto-native platforms and fintechs are increasingly adding new services in an effort to meet the demands of customers who want to be able to use both digital assets and fiat, in addition to making purchases with credit and debit cards.
Anchorage, primarily a crypto custodian, said it is also planning to offer interest-bearing USD accounts in the coming months. Additionally, customers can mint stablecoins and collect rewards on select tokens like PYUSD and USDG.
In August, the Office of the Comptroller of the Currency dropped a consent order against Anchorage. The order was released against the national bank over concerns about its anti-money laundering program and know your customer (or KYC) provisions.
The firm achieved unicorn status after being last valued at over $3 billion in 2021.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
