Phantom Technologies Inc., the company behind Phantom Wallet, a prominent self-custodial crypto wallet, has secured no-action relief from the Commodity Futures Trading Commission’s Market Participants Division to operate certain trading-related features without registering as a broker, provided specified conditions are met.
The decision means the CFTC will not recommend enforcement action against Phantom or its personnel for certain activities that would normally require registration.
For example, Phantom can offer software that allows users to trade through registered futures commission merchants, introducing brokers, or designated contract markets, and as long as it follows specified conditions, the CFTC will not pursue enforcement even if Phantom itself is not registered in these roles.
