Company Information

Get to know AnchorUSD

AnchorUSD, operated by the San Francisco-based parent company Anchor Labs Inc., was a fintech platform providing an all-in-one mobile app for investing. It allowed users to buy, sell, and hold various assets, including cryptocurrencies, U.S. stocks, and precious metals. The company's key offering was its "Interest by AnchorUSD" product, which promised high annual yields on both crypto and cash balances. The platform's mission was to simplify finance and investing by leveraging blockchain technology. However, the company ceased operations following a 2021 enforcement action and settlement with the U.S. Securities and Exchange Commission (SEC) concerning misleading statements about its interest-bearing product.

Industry

Crypto BrokerPRIMARY
Crypto Cryptocurrency
Crypto Exchange

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AnchorUSD

United States

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OVERALL SCORE

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--/40

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

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This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.