According to ME News, on April 3 (UTC+8), Vladimir Novakovski, founder and CEO of Lighter, stated during the Q1 investor call that Lighter has initiated the application process for a blockchain-based derivatives trading license, noting that it would be unfeasible to attract major traditional financial institutions like Citadel without such a license. (Source: ChainCatcher)
Lighter Founder Announces Application for Derivatives Trading License
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Summary
During the Q1 investor call, Lighter founder Vladimir Novakovski revealed that the company has begun applying for a derivatives market license focused on blockchain assets. He noted that major firms like Citadel would not consider partnerships without such regulatory approval. This move follows continued growth in crypto derivatives trading volume and rising institutional demand.
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