Anchorage Digital Applies for CFTC Swap Dealer Registration

on Nov. 6, according to The Defiant, Anchorage Digital has applied for registration as a swap dealer with the U.S. Commodity Futures Trading Commission (CFTC) for its crypto options business. The related application was submitted by Anchorage Digital Swap Dealer, LLC to the National Futures Association (NFA).

Anchorage noted that its options business serving U.S. clients has surpassed the $8 billion threshold established by the CFTC. The NFA defines this threshold as the total notional amount of swap transactions associated with dealer activity over the past 12 months.

The company has been providing digital asset options to institutional clients, attributing part of its business growth to publicly traded companies holding Bitcoin and Ethereum, as well as asset management firms and funds utilizing options to manage their corresponding exposures.