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South Korea-based cryptocurrency exchange Upbit has announced it will add the Lighter ($LIT) token to its Korean won (KRW) trading market. According to the announcement, made on August 24, 2026, trading for $LIT is scheduled to begin at 1:00 PM on the same day. The supported network for the token is Ethereum.
Upbit emphasized that users should carefully check network information before making $LIT deposits and withdrawals. The exchange will only support $LIT transfers madeifferent networks may not be reflected in the account and refund processes may take a long time
Certain restrictions will also be applied at the start of trading for $LIT. Accordingly, buy orders will be limited for approximately five minutes after trading begins. During the same period, sell orders placed at 10% or less of the previous day’s closing price will also not be allowed. Furthermore, the use of order types other than limit orders, such as market orders, and conditional orders will be restricted for the first approximately two hours.
According to Upbit data, $LIT’s previous day closing price on the $BTC market was 0.00004500 $BTC. This value corresponds to approximately 4,803 Korean won.
Lighter operates as a protocol offering a decentralized perpetual futures market. Assets are held on the L1 platform in its order book-based infrastructure, while transactions are executed in the L2 environment. $LIT is used within the protocol for staking and liquidity participation.
Token holders can obtain the participation limit for the Lighter Liquidity Pool (LLP) by staking a certain amount of $LIT. Additionally, they can benefit from exemptions from transfer and withdrawal fees, as well as transaction fee advantages, at certain staking levels.
Upbit also warned users that transaction processing might be delayed if sufficient liquidity is not available.
*This is not investment advice.
Source: cryptonews.net