Update
Lighter’s LIT Token Rises 15% as Exchange Seeks US License
Lighter’s LIT token rose over 15% on October 21, 2026, reaching approximately $3.90. The exchange plans to seek a US derivatives license from the CFTC in November 2026. If approved, this could open the door to wider institutional access in the US market. Lighter is a decentralized exchange built around perpetual futures, or 'perps,' which allow traders to hold a leveraged bet on an asset's price indefinitely without owning the asset itself. The exchange has set aside 11 million LIT tokens for incentives, with activity through the Robinhood Wallet earning double points. Lighter has also introduced binary options on BTC and ETH.