Anchorage Digital submitted an application to the National Futures Association to register Anchorage Digital Swap Dealer, LLC, as a CFTC swap dealer

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

Banks, asset managers, corporations and pension funds moving into digital assets through custody launches, trading desks and treasury allocations.

Futures, options, and perpetual swaps tied to digital-asset prices, letting traders hedge or lever positions and often dwarfing spot volumes.