OCC-regulated Crypto Bank Anchorage Supports UMA And Loopring

Anchorage supports Layer 2 protocols.

First OCC-approved crypto bank Anchorage expands its custody to layer 2 protocols Universal Market Access (UMA) and Loopring (LRC).

UMA provides open-source financial contracts and Loopring provides fast and low cost transactions. They are good alternative to the Ethereum blockchain congestion.

Anchorage institutional clients can deposit their UMA and LRC tokens in the bank’s crypto custody with this new support.

The move to add layer 2 protocols is based on client demands and not handpicking winners, according to Anchorage Co-founder and President Diogo Mónica.

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