According to Crypto Briefing, the native token of the perpetuals decentralized exchange Lighter, LIT, rose over 15% to approximately $3.90. Previously, Lighter announced plans to submit an application for a derivatives license to the U.S. Commodity Futures Trading Commission (CFTC) in November 2026. Founder Vladimir Novakovski stated that the team has been in communication with regulators for about a year, aiming to become the first on-chain perpetuals DEX to receive legal approval from the CFTC. If approved, Lighter could provide compliant on-chain trading access for U.S. institutions and lay the groundwork for establishing a U.S. operating entity.
Lighter Plans to Apply for CFTC Derivatives License in November; LIT Token Surges Over 15%
TechFlowShare
Summary
Lighter plans to apply for a CFTC derivatives license in November 2026, pushing its LIT token up over 15% to $3.90. The DEX has been engaging with regulators for a year, aiming to become the first on-chain perpetual contracts platform to receive CFTC approval. Founder Vladimir Novakovski said the move aligns with global compliance initiatives, including CFTC and MiCA. If approved, Lighter could provide U.S. institutions with a compliant on-chain trading channel and support a U.S.-based operating entity.
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