CFTC Opens Door for Crypto Apps to Offer Regulated Derivatives Access

September 17, 2026
11:25 pm

CFTC Opens Door for Crypto Apps to Offer Regulated Derivatives Access

In brief

The CFTC issued a no-action letter for passive software providers.
The letter covers software that gives users access to event contracts, perpetual contracts, and other regulated derivatives.
The position extends earlier Phantom relief to other providers that meet the agency’s conditions.

Crypto apps that want to offer access to regulated derivatives markets got new guidance Thursday from the Commodity Futures Trading Commission.

In the no-action letter, the agency’s Market Participants Division said passive software providers can avoid registering as introducing brokers if they limit their role to front-end software and meet a list of conditions.