Phantom’s perpetual futures trading feature is not available in the UK due to regulatory restrictions as of July, 2025.

Quotes that support claims

Phantom noted that the perpetual futures trading service is not available in all jurisdictions and specifically indicated that the feature is not intended for UK audiences.

Phantom issued an explicit warning that the feature isn’t available in the U.K., where the Financial Conduct Authority has taken a hardline stance on crypto derivatives, especially for retail traders, since early 2021.