Lighter Plans November CFTC Derivatives Filing as LIT Rises More Than 22%

Lighter plans to apply to the CFTC for a U.S. derivatives license in November, moving its on-chain perpetual futures platform toward formal regulatory review as its token rises. The company disclosed the plan during its third-quarter investor call. Lighter founder Vladimir Novakovski said the team has been in contact with regulators for about 11 months. Lighter aims to become the first CFTC-approved decentralized exchange for on-chain perpetual futures, a market where traders use contracts without a fixed expiration date. Lighter (LIT) rose 22.26% over 24 hours to $3.89 in a market snapshot accompanying the disclosure.

Source: TokenPost