Trading

Let your clients trade their custodied assets. Submit a single order for one account, or a block order allocated across many accounts at the same execution price — Anchorage Digital handles settlement automatically.

How it works

Check available balance

Confirm the account has enough availableForTrading balance for the trade.

Subscribe to pricing data

Pull real-time pricing from the WebSocket market data stream before submitting an order.

Submit an order

Submit a single or block order over REST or WebSocket.

Monitor status

Track order and trade status as the trade fills. Anchorage Digital settles automatically and updates account balances — no action required from you.

Testing in sandbox differs from production. Settlement testing is limited due to a mismatch between tradeable and testnet assets.

Asset support

Asset support for the wealth management integration is a subset of Anchorage Digital’s full custody asset list. Fetch supported assets from GET /v2/trading/pairs.

Trading locations

As of July 2026:

Trading location	Trading Entity
US (Non-NY)	Anchorage Hold, LLC
NY	Anchorage Digital NY, LLC

Supported assets

As of July 2026, wealth manager clients have access to the following curated selection of digital assets supported by Anchorage Digital for custody and trading.

Asset Name	Asset Symbol	Asset Type	Trading Entity
Aave	AAVE	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Cardano on Cardano	ADA_CARDANO	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
ApeCoin	APE	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Aptos	APT	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Cosmos	ATOM	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Avalanche (Native)	AVAX	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Axie Infinity	AXS	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Balancer	BAL	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Basic Attention Token	BAT	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Bitcoin Cash	BCH	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Binance Coin	BNB_BSC	Native	Anchorage Hold, LLC
Bitcoin	BTC	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Compound Token	COMP	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Cronos	CRO	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Curve DAO	CRV	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Maker Dai	DAI	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Dogecoin	DOGE	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Polkadot on Polkadot	DOT_POLKADOT	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Ethereum	ETH	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Filecoin	FIL	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
The Graph	GRT	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Hedera	HBAR_HBAR	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
HYPE on HyperEVM	HYPE_HYPEREVM	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Immutable X	IMX	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Lido Protocol	LDO	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Chainlink	LINK	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Litecoin	LTC	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Decentraland	MANA	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Near	NEAR_NEAR	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Polygon Ecosystem Token	POL	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Quant	QNT	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
The Sandbox	SAND	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Shiba Inu	SHIB	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Synthetix	SNX	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Solana	SOL	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
StarkNet Token	STRK	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Sui	SUI	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Sushiswap	SUSHI	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
TRX on TRON	TRX_TRON	Native	Anchorage Hold, LLC
Uniswap	UNI	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
USD Coin	USDC	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Tether	USDT	ERC-20	Anchorage Hold, LLC
Wrapped Bitcoin	WBTC	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Worldcoin	WLD	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
XDC Network on XDC	XDC_XDC	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Stellar	XLM	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
Ripple	XRP	Native	Anchorage Hold, LLC and Anchorage Digital NY, LLC
yearn.finance	YFI	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC
0x (Zero X)	ZRX	ERC-20	Anchorage Hold, LLC and Anchorage Digital NY, LLC

Trade precision and minimums

Minimum order sizes and precision increments are returned by GET /v2/trading/pairs and enforced at order submission. You can also call the RFQ endpoint beforehand to verify quote precision and minimum trade size (requires tradingAccountId).

Example asset data

{
  "data": [
    {
      "description": "Buy AAVE with USD, or Sell AAVE for USD",
      "pair": "AAVE-USD",
      "referenceData": {
        "baseAssetType": "AAVE",
        "baseSizeIncrement": "0.00000001",
        "lastUpdateTime": "2024-07-09T15:57:55.249Z",
        "minimumOrderSize": "0.000000010000000000000002",
        "priceIncrement": "0.0000001",
        "quoteAssetType": "USD",
        "quoteSizeIncrement": "0.01"
      }
    }
  ]
}

Field	Description
`baseSizeIncrement`	Minimum size increment when specifying order quantity in the base asset. Maximum decimal places allowed.
`quoteSizeIncrement`	Minimum size increment in the quote asset (e.g., USD to 2 decimal places = `0.01`).
`priceIncrement`	Minimum price increment in the response from the liquidity provider.
`minimumOrderSize`	Minimum required base asset size to place an order.

Order types

Supported order type: Limit FoK. Single orders are ideal for tailored portfolio management or direct client trade requests. Also used to on/off-ramp specific assets without rebalancing across accounts. Block trades execute multiple account allocations as a single institutional order — same execution price for all underlying trades. Routes to liquidity providers via smart order routing. Block trade requirements:

All allocations must sum to the total order quantity.
All allocations must meet availableForTrading balance — if any allocation fails, the entire order fails.
Allocations are capped at 1,000 per order.
Allocation quantity must match the order’s currency.
All orders are Fill-or-Kill (FoK).
Programmatic cancellations and short selling are not supported.

Settlement lifecycle

Settlement is fully automated by Anchorage Digital. Unsettled balances are available for trading immediately but not for withdrawal until settled. Anchorage Digital funds network fees for settlement activity — these are tracked in the “FBO gas fees” account and funded regularly by Anchorage Digital, with no action required from the wealth manager. Settlement status values

Status	Description
`PENDING`	Settlement created; covers one or more trades.
`SETTLING`	Funds transferred from wealth manager wallets; Anchorage Digital settling with liquidity providers.
`SETTLED`	All funds settled; account balances updated.
`CANCELED`	Settlement canceled.
`EXECUTED`, `REJECTED`, `PENDINGALLOCATION`, `ALLOCATED`	Internal statuses — not applicable to the wealth management use case.

Settlement types: TRADE | FEE (custody, advisory, model, management) Automated settlement status flow

Event	Trade status	Settlement status
Trade executed	`EXECUTED`	—
Trade added to settlement	`EXECUTED`	`PENDING`
First leg settled	`SETTLING`	`SETTLING`
Second leg settled	`SETTLED`	`SETTLED`

Integration steps

Step 1: Check available balance to trade

GET /v2/subaccounts/customers/{customerId}/accounts Fetch availableForTrading per account. This balance includes unsettled assets, which are also tradeable.

Response

"balances": [
  {
    "assetType": "BTC",
    "totalBalance": "1",
    "availableForWithdrawal": "0.5",
    "availableForTrading": "0.5"
  }
]

Pull real-time asset price data from the WebSocket market data stream: configure the WebSocket connection, subscribe to the asset’s USD price feed, then use the response data when submitting orders.

def subscribe_marketdata(ws, symbol, receiver):
    msg = json.dumps({
        "messageType": "MarketDataSnapshotRequest",
        "timestamp": datetime.now().isoformat(),
        "payload": {
            "type": "subscribe",
            "symbol": symbol,
            "reqId": str(uuid.uuid4())
        }
    })
    ws.send(msg)
    while True:
        resp = json.loads(ws.recv())
        receiver(resp)

{
  "messageType": "MarketDataSnapshot",
  "timestamp": "2023-02-08T14:19:44Z",
  "payload": {
    "asks": [
      { "price": "23083.25076763", "size": "1" },
      { "price": "23084.28705625", "size": "4" }
    ],
    "bids": [
      { "price": "23081.96", "size": "1" },
      { "price": "23080.96918517", "size": "4" }
    ],
    "reqId": "e07b9683-af27-481a-b4db-1c492114e930",
    "symbol": "BTC-USD"
  }
}

Step 3: Submit an order

Submission methods: REST API (POST /v2/trading/order) or WebSocket. Key submission rules:

Include a 1–5% buffer on limitPrice to reduce rejections during price volatility. Execution still fills at best market rate.
Submit in USD for buys; submit in-kind for sells.
accountId is not required for account-level trades.
baseSizeIncrement — round allocation quantities to this precision before submission. The parent order uses this precision when routing to liquidity providers.

curl --request POST \
     --url https://api.anchorage-staging.com/v2/trading/order \
     --header 'Api-Access-Key: [API Key]' \
     --header 'accept: application/json' \
     --header 'content-type: application/json' \
     --data '{
  "clOrderId": "6fb5fc79-0bb4-446d-82dd-d4687fb56a02",
  "symbol": "BTC-USD",
  "side": "BUY",
  "currency": "USD",
  "quantity": "100.00",
  "orderType": "LIMIT",
  "limitPrice": "100004.05",
  "timestamp": "2025-02-20T18:32:51.133Z",
  "allocation": [
    { "subaccountId": "ec761b5e-fd2c-497a-a9a0-f8738ac97bd", "quantity": "10" },
    { "subaccountId": "bc1234e-12v3-ab31-1234-gf8738ac597bd", "quantity": "90" }
  ]
}'

{
  "data": {
    "clOrderId": "6fb5fc79-0bb4-446d-82dd-d4687fb56a02",
    "orderId": "a94c8d75-6c9d-4903-95f3-5b0893e76cb7",
    "symbol": "BTC-USD",
    "side": "BUY",
    "currency": "USD",
    "orderType": "MARKET",
    "orderStatus": "FILLED",
    "avgPx": "21005.4",
    "orderQty": "10000.00",
    "cumQty": "10000.00",
    "counterQty": "0.4760680586896702",
    "fee": "0.00001359805",
    "feeCurrency": "BTC",
    "transactTime": "2022-11-20T20:32:16.423Z"
  }
}

{
  "messageType": "NewOrderSingle",
  "timestamp": "2023-03-12T22:22:09.925952Z",
  "payload": {
    "clOrderId": "47ce2580-5e57-45d8-b67f-71a5aa55d05f",
    "symbol": "BTC-USD",
    "side": "SELL",
    "currency": "USD",
    "quantity": "10000",
    "orderType": "LIMIT",
    "limitPrice": "21000",
    "timeInForce": "GTC",
    "accountId": "3fa8372d-b51d-44ab-a456-43e947e4be10"
  }
}

{
  "messageType": "ExecutionReport",
  "payload": {
    "clOrderId": "47ce2580-5e57-45d8-b67f-71a5aa55d05f",
    "symbol": "BTC-USD",
    "orderStatus": "FILLED",
    "avgPx": "21990.01",
    "cumQty": "10000",
    "fee": "0.00045521",
    "feeCurrency": "BTC",
    "transactTime": "2023-03-12T22:22:09.925050Z"
  }
}

{
  "messageType": "ExecutionReport",
  "payload": {
    "clOrderId": "47ce2580-5e57-45d8-b67f-71a5aa55d05f",
    "symbol": "BTC-USD",
    "orderStatus": "REJECTED",
    "rejectReason": "Invalid request",
    "rejectReasonText": "invalid price: 21500.0001, must be multiplication of 0.01",
    "transactTime": "2023-03-12T22:22:09.925050Z"
  }
}

Implement retry logic for REST order submissions:

Retry after 1s, 2s, then 4s on non-201 errors.
A 201 response with REJECTED status indicates a liquidity provider issue (insufficient liquidity, min order size) — retries will not help.
A 500 error typically indicates an account balance issue.

Step 4: Monitor order and trade status

Order status values

Status	Description
`FILLED`	Order fully executed.
`CANCELED`	Limit FoK order did not cross the book. Safe to resubmit.
`REJECTED`	Poorly formatted, liquidity provider issue, or internal error. Do not retry repeatedly.

Trade status values

Status	Description
`PENDING`	Trade accepted; temporary status while Anchorage Digital receives fill details from market makers.
`EXECUTED`	Fill price and fees available; pre-settlement.
`SETTLING`	Netted balances sent to Anchorage Digital; settling with liquidity providers.
`SETTLED`	All funds settled; account balances updated.
`REJECTED`	Trade failed — asset volatility exceeded slippage or insufficient trading limit.
`CANCELED`	Trade canceled manually.

Full example

Checking balances, submitting a block order, and monitoring its status end to end:

import requests
import uuid

request_headers = {
    "accept": "application/json",
    "content-type": "application/json",
    "Api-Access-Key": "[API Key]"
}

customer_id = "[customerId]"

# Step 1: Get account balances
response = requests.get(
    f"https://api.anchorage-staging.com/v2/subaccounts/customers/{customer_id}/accounts",
    headers=request_headers
)
data = response.json()["data"]
# check availableForTrading per account

# Step 2: Submit block order
order_request = {
    "clOrderId": "fb45ac11-584a-4c31-93ae-6db3c0fb1547",
    "symbol": "ETH-USD",
    "side": "SELL",
    "currency": "ETH",
    "quantity": "0.226",
    "orderType": "LIMIT",
    "limitPrice": "2100",
    "timestamp": "2024-01-26T19:31:55Z",
    "allocation": [
        { "subaccountId": "e3523a44-0a16-4923-8c65-5bd3c0fe5513", "quantity": "0.128" },
        { "subaccountId": "82962476-6250-443e-bcda-1bf6f959ebcd", "quantity": "0.098" }
    ]
}

response = requests.post(
    "https://api.anchorage-staging.com/v2/trading/order",
    json=order_request,
    headers=request_headers
)
data = response.json()["data"]

# Step 3: Check order status
order_id = "1a69504c1-18ae-9fb4-a4ea-9f83699"
response = requests.get(
    f"https://api.anchorage-staging.com/v2/trading/orders/{order_id}",
    headers=request_headers
)
data = response.json()["data"]
# check orderStatus, avgPx, fee

Platform

Solutions

How it works

Asset support

Trading locations

Supported assets

Trade precision and minimums

Order types

Settlement lifecycle

Integration steps

Step 1: Check available balance to trade

Step 3: Submit an order

Step 4: Monitor order and trade status

Full example

​How it works

​Asset support

​Trading locations

​Supported assets

​Trade precision and minimums

​Order types

​Settlement lifecycle

​Integration steps

​Step 1: Check available balance to trade

​Step 2: Subscribe to pricing data

​Step 3: Submit an order

​Step 4: Monitor order and trade status

​Full example

How it works

Asset support

Trading locations

Supported assets

Trade precision and minimums

Order types

Settlement lifecycle

Integration steps

Step 1: Check available balance to trade

Step 2: Subscribe to pricing data

Step 3: Submit an order

Step 4: Monitor order and trade status

Full example