Anchorage Digital Adds Support For MEGA Token, Unlocking Rewards For Institutional Participation On MegaETH’s L2Network

In a groundbreaking move to make its on-chain economy accessible to institutional investors, MegaETH, an Ethereum layer-2 network, today entered into a strategic partnership with Anchorage Digital, a cryptocurrency trading platform. According to the news development announced via the X social platform, this collaboration enabled MegaETH to launch its native token (MEGA) on Anchorage Digital’s regulated crypto trading platform.

MegaETH is a layer-2 network with expertise in scaling decentralized applications on the Ethereum blockchain, providing them with real-time execution, high throughput, low latency, and low-cost transactions. Its native token (MEGA) plays a central role in powering the network’s operations and incentives.

Anchorage Digital Integrates MEGA

With the integration above, MegaETH’s native token (MEGA) is now supported by Anchorage Digital’s secure custody trading platform. Anchorage Digital is a US-based regulated crypto platform that enables institutions to participate in crypto assets. Its crypto-native bank is accessible worldwide, enabling institutions to participate in digital assets through trading, custody, settlement, staking, and governance, powered by Anchorage’s robust security infrastructure.  

Through the tech incorporation, global institutions are now able to custody MEGA, the native utility token of the MegaETH L2 network, on Anchorage Digital’s regulated crypto trading platform. The integration introduced support for native MEGA staking and interoperable TRC-20 assets, allowing institutions on the Anchorage Digital platform to participate fully in the MegaETH network within a regulated framework by holding and trading tokens issued on MegaETH. Anchorage’s institutional customers can now custody MegaETH’s governance token and link the asset in their crypto portfolios.

MegaETH Token Launches For Public Trading

The news about MegaETH partnering with Anchorage Digital comes after the Layer-2 network today launched its native token for public trading on several major crypto exchanges. The Layer-2 network rolled out its MEGA token for public trading today, April 30, a move that allowed several cryptocurrency exchanges (including Binance, KuCoin, Biget, and Coinbase) to announce the listing of the new token in their respective trading platforms.