A practical token with a KRW channel at Korea’s largest exchange.
LIT is the Ethereum-native token of the Lighter protocol.
Most people, when they see this announcement, their first reaction is that the project has again secured an exchange endorsement.
I, on the other hand, care more about the KRW trading pairs.
To open a fiat channel, the largest exchange in Korea doesn’t do it that casually.
The KRW pairs have already gone through the local compliance process and still need to prepare for ongoing market making.
Behind these moves, it’s generally driven by the needs of local users or partners in Korea.
The fact that it got listed itself doesn’t reveal much; the information contained in the KRW route is far more substantial.
LIT is the Ethereum-native token of the Lighter protocol.
Most people, when they see this announcement, their first reaction is that the project has again secured an exchange endorsement.
I, on the other hand, care more about the KRW trading pairs.
To open a fiat channel, the largest exchange in Korea doesn’t do it that casually.
The KRW pairs have already gone through the local compliance process and still need to prepare for ongoing market making.
Behind these moves, it’s generally driven by the needs of local users or partners in Korea.
The fact that it got listed itself doesn’t reveal much; the information contained in the KRW route is far more substantial.