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Bithumb lists Lighter (LIT) on its Korean won market at 7:00 PM KST on February 16, setting a reference price of 2,383 KRW. Deposits and withdrawals became available within two hours of listing. The exchange supports only the Ethereum network and requires 33 block confirmations for incoming transfers. Early trading includes operational controls designed to manage opening volatility. The exchange imposed buy-order limits during the first five minutes, sell-range controls in the same interval, and a limit-only window for approximately the first two hours. The restrictions aim to align off-exchange inventories with on-exchange order books, reducing early slippage and extreme price prints. Lighter Protocol Operates as zk-Rollup Perpetuals DEX With LIT as Native Utility Token Lighter operates as a decentralized perpetuals exchange using zero-knowledge rollup infrastructure to combine on-chain verification with order-book execution. The architecture targets low-latency matching while maintaining crypto settlement assurances. The design positions Lighter among zk-rollup venues attempting to deliver centralized-exchange ergonomics with decentralized finality. LIT functions as the protocol’s native token, supporting economic and governance mechanics within the platform. The token structure ties directly to protocol operations rather than operating as a separate speculative asset disconnected from platform utility. The KRW pair can concentrate domestic South Korean liquidity and improve price discovery during local trading hours. Limit-only phases tend to widen spreads initially but provide time for market participants to assess demand depth before full order types activate. The listing gives Korean traders direct fiat access to LIT without routing through USD pairs or stablecoin intermediaries.
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