At a glance
- Advisors whose clients use crypto options would face a CFTC-registered swap dealer rather than an exempt firm, a due-diligence change that includes how the European-style bitcoin and ether contracts are margined and cleared.
- Registering as a swap dealer would put that options book under direct CFTC oversight in place of the exemption.
- Anchorage agreed in October to buy payments firm Routable, as Private Wealth Daily previously reported, with stablecoin and tokenized deposit offerings planned.
Anchorage Digital has applied for CFTC swap dealer registration and plans to offer European-style bitcoin and ether options if the application is approved, The Block reported Nov. 5.
The firm says its US-client options book has crossed the $8 billion threshold for an exemption from swap dealer registration, according to The Defiant.
Advisors whose clients use crypto options would face a CFTC-registered swap dealer rather than an exempt firm, a due-diligence change that includes how the European-style bitcoin and ether contracts are margined and cleared.
Registering as a swap dealer would put that options book under direct CFTC oversight in place of the exemption.
Anchorage agreed in October to buy payments firm Routable, as Private Wealth Daily previously reported, with stablecoin and tokenized deposit offerings planned.
Reported by the Regulation desk from The Block, The Defiant — Institutional and Anchorage Digital. Published . Updated Nov 5, 2026 · 6:48 p.m. ET. Corrections