Anchorage Digital Applies for CFTC Swap Dealer Registration

Anchorage Digital has filed for CFTC swap dealer registration after its U.S.-client options business exceeded the $8 billion threshold that had allowed it to operate under an exemption. The crypto-native bank said the volume milestone triggered the application, moving it toward formal oversight of its derivatives activity. The filing matters because it would bring a federally chartered digital asset bank into the CFTC's swap dealer framework, a regime largely built for traditional finance. It also signals that crypto options demand from U.S. clients has grown large enough to require registered status. What to watch next is whether the CFTC approves the application and how quickly Anchorage's derivatives book continues to expand.