Correction, October 7 Earlier versions of this page said Coinbase listed LIT on launch day. Coinbase announced the listing that day, and its market data shows the pair first trading on January 15, 2026.

Backfill entry LIT has traded publicly since December 30, 2025, and the newest venue event, Upbit's won listing, dates from August 24. This page keeps the venue history for the tracker. It is not breaking news.

Lighter's LIT token launched on December 30, 2025. Coinbase announced the listing that day, and its LIGHTER-USD pair began trading on January 15. Upbit opened a won market on August 24. LIT traded near $3.60 on October 7, after Robinhood said on September 29 that its US perpetuals would run through Bitstamp, not Lighter.

Where it stands

Coinbase Markets put Lighter on its listing roadmap on December 13, 2025, before the token existed. Binance opened pre-market perpetuals on December 23. On December 30 Coinbase announced the spot listing while the price pushed toward $3, BeInCrypto reported. Coinbase's own market data shows the pair, named LIGHTER-USD rather than LIT-USD, first trading on January 15, 2026. The older LIT-USD product is marked delisted, and its candles stop in May 2025.

Korea came last. Upbit switched on a LIT/KRW market at 13:00 KST on August 24, crypto.news reported, with deposits on Ethereum only against the official contract, a roughly five-minute buy restriction at the open and limit orders only at first. Upbit's public data shows the first KRW candle that day. LIT rallied more than 20 percent around the event, with short-squeeze chatter, AMBCrypto and CoinMarketCap reported.

Figure 01The LIT venue arc, from BeInCrypto, Bitget News, Coinbase market data and crypto.news. Seventeen days passed from roadmap entry to the listing announcement, then a gap before trading and an eight-month wait for the won market.

Why the arc ran fast, and what came after

Exchanges list what already has proven demand. Lighter, a zero-knowledge perpetuals exchange with its own rollup, arrived at its token launch with a quarter of its billion-token supply promised to users and a cohort of airdrop recipients who needed somewhere to trade. Binance running pre-market perps on an unlaunched token suggests it expected the spot demand to arrive on schedule. Our guide to listing mechanics covers the pattern, and the Upbit controls match the ones on the GRVT Korean debut.

The September news came from outside the listing board. On September 23 Bitwise listed the Bitwise Lighter Staking ETP, ticker BLIT, on Deutsche Börse Xetra. Bitwise says the product is fully backed by LIT held in cold storage with BitGo Europe, and that it does not currently stake. Six days later, at a Houston event, Robinhood's Vlad Tenev said US perpetual contracts would be offered through Robinhood Derivatives and Bitstamp, not Lighter's protocol. LIT fell more than 15 percent within minutes, BTCC reported on October 2.

On October 7, CoinMarketCap showed LIT at $3.58 with a market cap of $896.41 million and 250 million tokens circulating, 25 percent of the supply. CoinGecko showed $3.64 and $909 million. The two aggregators disagree on the all-time high: CoinMarketCap lists $5.54 on September 24, CoinGecko $7.86.

Risks and what to watch

A won pair changes who can conveniently own the token, which for a mid-cap can reshape the holder base. It adds nothing to protocol revenue. The durable story for LIT is the protocol's fee income and its supply schedule.

Lighter burned 15,638,703 LIT on July 10 and announced on June 30 that all future buyback purchases will be burned, Tokenomist wrote. The same research shows the 26 percent team and 24 percent investor allocations locked behind a cliff that ends on December 27, followed by a three-year linear vest. Fee telemetry shows whether Korean retail bought a protocol that pays for its own float.

  • December 27: the end of the insider cliff.
  • US access: any new route for Lighter's perpetuals to reach US users.
  • Fee telemetry: revenue figures on the airdrop page.

Not financial advice Listings often spike and then fade once the first wave of buyers is done. Nothing here is a suggestion to buy this token. Check dates on the exchange's own announcement page before trading: schedules slip. Our listing reaction data shows how new listings have typically traded.