Anchorage Digital Recruits Coinbase Veteran Aaron Schnarch as COO

Key Points:

• Anchorage Digital appoints Aaron Schnarch, former head of Coinbase’s custody business, as COO, signaling a strategic move to bolster its leadership team.
• Schnarch will oversee all business lines, leveraging his extensive experience to drive growth and innovation within the company.
• Anchorage Digital, backed by major investors like Goldman Sachs and KKR, boasts a valuation exceeding $3 billion, positioning itself as a leading institutional-grade crypto custodian.

Anchorage Digital has set its sights on further expansion with the appointment of Aaron Schnarch as its new Chief Operating Officer (COO).

Schnarch, renowned for his tenure as the head of Coinbase’s custody business, brings a wealth of experience and expertise to his new role.

In his capacity as COO, Schnarch will assume responsibility for overseeing all of Anchorage Digital’s business lines, signaling a strategic move by the company to fortify its operational framework and drive growth initiatives.

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Schnarch to Drive Growth Across Anchorage Digital’s Business Lines

Anchorage Digital, headquartered in San Francisco, stands at the forefront of institutional-grade cryptocurrency custodianship, distinguished by its possession of a federal banking license. The company caters to a diverse clientele, counting industry titans such as Apollo Global Management and emerging cryptocurrency exchange EDX Markets among its esteemed clients.

Backed by heavyweight investors including Goldman Sachs, KKR, and Andreessen Horowitz, Anchorage Digital has secured its position as a formidable player in the crypto custody landscape. The company’s recent funding round in 2021 saw its valuation soar to over $3 billion, underscoring investor confidence in its vision and capabilities.

The appointment of Schnarch comes at a pivotal juncture for Anchorage Digital as it seeks to capitalize on the burgeoning demand for secure and reliable custody solutions in the crypto market. With Schnarch at the helm of operations, the company is poised to leverage his proven track record and leadership acumen to drive innovation, streamline processes, and deliver unparalleled value to its clients.