OTC Trader
"About The Role"
About This Role
Anchorage Digital is building the most advanced institutional platform for crypto participation—spanning custody, staking, governance, settlement, and trading—all backed by industry-leading security infrastructure. As home to the first federally chartered crypto bank in the U.S., we operate at the intersection of traditional finance and blockchain innovation, serving institutional clients across the globe through our offices in San Francisco, New York, Porto, Singapore, and Sioux Falls. Joining our Trading Solutions team means becoming a driving force behind our OTC trading desk's growth. You'll work at the nexus of client service and risk management, hedging exposure generated by institutional flows while upholding the highest standards of execution in digital asset markets.
What You'll Be Doing
Execute hedging strategies for institutional client flows across spot and derivatives crypto markets
Manage and monitor risk exposure within company-defined appetite and limits
Deliver best-in-class service to institutional clients navigating digital asset and DeFi markets
Partner with engineering teams to shape trading tools, automation, and technical infrastructure
Provide front-line insights to prioritize product features that expand our market share
Stay sharp on market microstructure, liquidity dynamics, and emerging blockchain trends
What We're Looking For
Proven experience trading OTC products, preferably within crypto, FX, or digital asset markets
Strong grasp of risk management principles and hedging methodologies
Exceptional attention to detail and responsiveness under fast-paced market conditions
Comfort operating in a high-growth, evolving distributed ledger ecosystem
Excellent communication skills for engaging institutional counterparties
Self-starter mentality with a bias toward ownership and continuous improvement
Bonus Points
Familiarity with smart contracts, staking mechanics, or blockchain governance structures
Experience working within a regulated crypto bank or institutional trading environment
Technical fluency to collaborate closely with engineering on trading tooling
Passion for the broader web3 and decentralized finance movement
Why Join Us
Competitive compensation with meaningful equity participation
A mission-driven, security-first culture rooted in our "Village" values
Direct impact on the institutional adoption of blockchain and crypto infrastructure
Access to mentorship through our Factors of Growth & Impact framework, designed to accelerate your development and career trajectory
Requirements
Technical Skills: Ability to expertly handle complex trades with a mindset of continuous optimization. Every basis point of execution is significant and should be measured and understood, with the goal of increasing the trading desk’s revenue while abiding by risk management guardrails. Deep crypto market microstructure expertise with ability to identify profitable price gaps while protecting our assets from market volatility and aggressive automated traders, staying one step ahead of market trends. Demonstrates expert knowledge of both electronic and voice trading, influencing technology improvements inspired by the more mature Traditional Finance market structure. Strong client-facing abilities, instilling confidence through excellent white glove service; influencing clients to increase Anchorage’s share of wallet. Traders on the desk use Python to automate manual tasks until the Engineering or Data Science teams deploy more robust solutioning. While Python expertise is not a requirement, you should be comfortable using Python code as needed, and over time develop proficiency in modifying existing code to fit the evolving needs of the desk. Complexity and Impact of Work: Perform principal trading exposure management infrastructure and processes. This includes building and optimizing the trading desk’s pricing, risk models and governing controls. Contribute to efforts of increasing automation, so that traders can focus on only the most complicated trades, project work, or client engagement. Closely follow market narratives to contribute perspectives to internal research efforts, which may be used to increase engagement with trading clients. Help to inform new products and capabilities within the trading business to meet our clients’ overall needs While on coverage, be available to immediately respond to changing exposures, client questions and requests. This includes rotations on weekends and off-hours. Organizational Knowledge: Is keenly aware of how Trading fits within the firm’s broader strategy, both as a tool and a standalone business, to provide input to the technology roadmap and implementation. Understands upstream and downstream implications of process changes, proactively voicing ideas and concerns as the business scales. This includes understanding industry trends, regulatory guidelines, and best practices related to trading and settlements. Ensures that knowledge is shared among stakeholder teams and does not position themselves or others as a single point of failure. Communication and Influence: Stay up to date with the underlying themes driving market prices and liquidity to deepen client interactions and execution strategies. Champion the perspective of the Trading Solutions team during cross-department conversations and with existing clients. Act as a mentor for more junior members of the team, empowering the team to become experts in our current processes, while collaborating to implement enhancements to the trading desk You may be a fit for this role if you have: 5+ years experience as an OTC trader in the cryptocurrency space. Demonstrated ability to convert institutional prospects into trading clients. Although not a requirement, bonus points if: You’re proud of your crypto Twitter feed and ability to uncover narratives driving crypto markets and specific coins. You enjoy using memes as a method of communication. You were emotionally moved by the soundtrack to Hamilton, which chronicles the founding of a new financial system. :)
About Anchorage Digital
Anchorage Digital is at the forefront of the blockchain industry, providing secure and regulated institutional-grade solutions for digital assets. Our mission is to build the foundational infrastructure that enables traditional finance to safely and seamlessly integrate with the rapidly evolving world of digital currencies and decentralized technologies. We empower financial institutions and enterprises to unlock new opportunities and participate confidently in the digital asset economy, driving innovation and adoption across the sector. Our New York-based team fosters a culture of innovation, collaboration, and rigorous problem-solving. We believe in empowering our employees with autonomy and ownership, encouraging them to challenge the status quo and contribute to meaningful work that shapes the future of finance. We value intellectual curiosity, a commitment to security, and a collaborative spirit, creating an environment where diverse perspectives thrive and propel us forward. Joining Anchorage Digital means becoming part of a pioneering team that is defining an entirely new asset class. With 64 open positions, we offer unparalleled opportunities for professional growth in a dynamic and impact-driven environment. If you're passionate about blockchain technology, aspire to build transformative financial infrastructure, and want to contribute to a company that's making history, explore our careers page and help us secure the digital future.
Ready to Apply?
To submit your application for this position, please visit Anchorage Digital's official website and follow their application process.