CFTC Staff Issues No-Action Letter for Phantom Wallet

Jack Inabinet

Tue, March 17, 2026 astatine 11:30 AM CDT 1 min read

The Commodity Futures Trading Commission (CFTC) has issued a no-action missive successful effect to Phantom, clearing the self-custodial crypto wallet supplier to facilitate regulated derivatives trades without needing to registry with the national derivatives supervisor.

• Regulator Exemption: Published this morning, CFTC Letter No. 26-09 issues a no-action presumption to Phantom, clearing the crypto wallet bundle supplier to connection regulated derivatives trading functionality done its self-custodial wallet without needing to registry arsenic an introducing broker oregon associated idiosyncratic of an introducing broker. It is important to enactment that this no-action missive exclusively covers regulated futures trading.

• Conditional Relief: To person regulatory relief, Phantom users indispensable transact done CFTC-regulated Designated Contract Markets (DCMs), and astatine nary constituent tin Phantom instrumentality power of idiosyncratic funds. Additionally, Phantom indispensable supply users with due hazard disclosures, support compliance policies governing selling and communications, and support records related to its derivatives-related activities.

• Derivatives Ambitions: According to the CFTC’s letter, Phantom plans to grow its self-custodial wallet’s capabilities, enabling users to commercialized CFTC-regulated derivatives with their crypto assets done a front-end interface developed, provided, and maintained by Phantom.

While CFTC Letter No. 26-09 clears Phantom to integrate regulated futures offerings, it provides nary guidance connected unregulated integrations.