Anchorage Digital files for CFTC swap dealer registration to offer crypto options

The notable shift here is structural: a crypto custodian seeking to fold its derivatives activity into the CFTC's swap dealer framework rather than operating adjacent to it. That matters for institutional clients weighing counterparty and regulatory risk in crypto options, and it signals that federally chartered crypto firms see regulated derivatives as a durable business line. Whether the application clears, and whether other custodians follow the same route, is the open question worth watching.