Anchorage Nabs Former Coinbase Custody CEO to Lead Growth (1)

Anchorage Digital, which provides crypto custodian services, has hired a former Coinbase Global Inc. executive to be its first-ever chief operating officer.

Aaron Schnarch, 45, was chief executive officer of Coinbase Custody — the biggest US cryptocurrency exchange’s institutional custody business. At Anchorage, Schnarch will oversee all businesses, including custody, trading, self-custody and sales, the firm announced Monday. He started on April 15.

San Francisco-based Anchorage is preparing to accelerate its growth by rolling out more products and expand into more geographies, the company’s Chief Executive Officer Nathan McCauley said.

“We have so much opportunity to scale those ...