Anchorage Digital Seeks Swap Dealer Status After $8B Milestone

Anchorage Digital has applied for CFTC swap dealer registration after its options activity surpassed the $8 billion regulatory threshold. In its November 5 announcement, the firm linked the filing to growing institutional demand for digital asset derivatives.

Anchorage Digital Swap Dealer, LLC submitted the application to the National Futures Association (NFA). The company said public firms holding Bitcoin and Ethereum, asset managers, and investment funds have driven options growth.

What CFTC Registration Means for Anchorage Digital

NFA rules require swap dealers to register when dealing activity exceeds $8 billion in gross notional value over 12 months. Applicants must submit Form 7-R, a membership application and compliance documents, and pay a $15,000 application fee.

Registration would bring capital, margin, risk management, and reporting obligations. CEO Nathan…

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