CFTC Issues New Guidance to Facilitate Crypto Trading via Software Platforms
The Commodity Futures Trading Commission (CFTC) has issued new guidance on September 17, making it easier for software platforms and apps to offer users access to regulated crypto trading without needing to register as brokers. The CFTC will not pursue enforcement against these 'passive' providers if they do not hold user funds or make trading decisions independently. Previously, companies routing trade orders were typically required to be registered brokers, which deterred many consumer apps and wallets from offering direct access to regulated markets. This new guidance expands an exemption previously granted to Phantom Technologies in March 2026, allowing similar relief for any compliant software provider connecting users to platforms like Kalshi. The move is significant as it lowers barriers for fintech firms and crypto wallets to integrate with regulated exchanges without the regulatory burden of broker registration. It follows the failure of the CLARITY Act in Congress, prompting both CFTC and SEC to continue shaping their own rules independently.
Topics: CFTC cryptocurrency trading regulated exchanges software platforms