coin-img-ETHETH-2.61%coin-img-BTCBTC-2.07%coin-img-XRPXRP-2.34%coin-img-USDCUSDC+0.00%coin-img-SOLSOL-2.90%coin-img-SUISUI-4.97%coin-img-DOGEDOGE-3.78%coin-img-NEARNEAR-5.43%coin-img-ETHETH-2.61%coin-img-BTCBTC-2.07%coin-img-XRPXRP-2.34%coin-img-USDCUSDC+0.00%coin-img-SOLSOL-2.90%coin-img-SUISUI-4.97%coin-img-DOGEDOGE-3.78%coin-img-NEARNEAR-5.43%coin-img-ETHETH-2.61%coin-img-BTCBTC-2.07%coin-img-XRPXRP-2.34%coin-img-USDCUSDC+0.00%coin-img-SOLSOL-2.90%coin-img-SUISUI-4.97%coin-img-DOGEDOGE-3.78%coin-img-NEARNEAR-5.43%coin-img-ETHETH-2.61%coin-img-BTCBTC-2.07%coin-img-XRPXRP-2.34%coin-img-USDCUSDC+0.00%coin-img-SOLSOL-2.90%coin-img-SUISUI-4.97%coin-img-DOGEDOGE-3.78%coin-img-NEARNEAR-5.43%

Lighter to File for U.S. Derivatives Trading and Clearing Licenses in November

Lighter intends to formally apply to the U.S. Commodity Futures Trading Commission in November for Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) licenses, founder and CEO Vladimir Novakovski said at the platform's Q3 investor meeting, a step that would open its services to U.S. institutional clients. Novakovski said the team has held extensive preliminary discussions with CFTC staff on how existing regulatory principles can be applied to onchain trading and clearing. Regulators have up to 280 days to review a filing once it is submitted; the team expects that preparatory work to help speed approval. Robinhood CEO Vlad Tenev has said Lighter was not selected as a partner for Robinhood's U.S. perpetual futures business, mainly over regulatory structure. After Lighter disclosed its licensing plans, the community again speculated about a deeper collaboration with Robinhood. No such partnership has been officially confirmed. Market data show LIT rose as much as 15% over the past 24 hours on the news and was last trading at $3.76.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.