Lighter plans to apply for derivatives license with CFTC in November, LIT surges over 22%

On October 22, citing Crypto Briefing, decentralized perpetual contract trading platform Lighter said during its Q3 investor call that it plans to submit a derivatives license application to the U.S. Commodity Futures Trading Commission (CFTC) in November 2026, aiming to become the first CFTC-approved on-chain perpetual contract DEX. Founder Vladimir Novakovski said the team has been in communication with regulators for about 11 months. Lighter has already integrated with Robinhood Chain to offer perpetual contract trading, and Lighter Core accounts have surpassed 1 million. OKX market data shows LIT rose 22.26% over the past 24 hours, currently trading at $3.89.