South Korean cryptocurrency exchange Upbit announced the addition of the Lighter token ($LIT) to its Korean won (KRW) trading market. According to the announcement made on August 24, 2026, trading of the $LIT token will commence at 13:00 on the same day. The supported network for the token is Ethereum.
Upbit emphasized that users should carefully verify network information before depositing and withdrawing $LIT. The exchange only supports $LIT transfers conducted via the Ethereum network. Assets sent through other networks may not be credited to the account, and the refund process may take a considerable amount of time.
There will also be certain restrictions in place at the start of $LIT trading. Accordingly, the number of buy orders will be limited for approximately five minutes after trading begins. During the same period, sell orders placed at a price 10% or less than the previous day's closing price will not be permitted. 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 data from Upbit, the previous day's closing price of $LIT on the $BTC market was 0.00004500 $BTC. This value is approximately equivalent to 4803 Korean won.
Lighter functions as a protocol offering a decentralized perpetual futures market. Assets are held on the L1 platform in an order book-based infrastructure, and transactions are executed in an L2 environment. $LIT is used within the protocol for staking and liquidity participation.
Token holders can obtain a participation limit in the Lighter Liquidity Pool (LLP) by staking a certain amount of $LIT. Additionally, at certain staking levels, they can benefit from exemptions from deposit and withdrawal fees, as well as transaction fee discounts.
Upbit also warned users that transaction processing may be delayed if sufficient liquidity is not available.
*This is not investment advice.
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