Crypto exchanges are evolving into multi-asset financial infrastructure. Explore the implications for wealth managers, traditional brokers and neobanks...
The Commodity Futures Trading Commission has issued a no-action letter to Phantom, allowing it to provide software that connects users to registered derivatives platforms without registering as a futures commission merchant. In effect, Phantom can act as a non-custodial access layer to regulated futures markets.
Mastercard is acquiring BVNK, a stablecoin infrastructure startup, for up to $1.8 billion, stepping deeper into stablecoin-powered payments just months after BVNK’s ~$2B deal with Coinbase fell through.
