Anchorage Digital Files With NFA to Offer Regulated Bitcoin…
By Abdelaziz Fathi
AI summary of the source article
Anchorage Digital has applied through the National Futures Association to register a swap dealer with the CFTC. If approved, the entity initially plans to offer European-style bitcoin and ether options with maturities of up to one year.
Why it matters
CEO Nathan McCauley stated that "institutions increasingly want a regulated counterparty with familiar documentation, margin processes and reporting standards when trading digital-asset derivatives."
Key facts
- Anchorage Digital Swap Dealer, LLC submitted a swap dealer registration application through the National Futures Association to the CFTC.
- If approved, the entity plans to initially offer European-style options on bitcoin and ether with maturities of up to one year.
- Registration would place the entity under CFTC rules for capital, risk management, margin, trade documentation, reporting, and counterparty treatment.
Source excerpt · FinanceFeeds
Anchorage Seeks CFTC Swap Dealer Registration Anchorage Digital has applied to register a new swap dealer with the Commodity Futures Trading Commission as the institutional crypto platform looks to bring its growing bitcoin and ether options business under the federal framework used by traditional derivatives dealers. Anchorage Digital Swap Dealer, LLC submitted the application through the Nationa…