LIT rose to $3.16 today, up approximately 15%, with a market capitalization approaching $790 million and a 24-hour trading volume nearing $96 million. According to live cryptocurrency market data, this rise is driven more by regulatory expectations and market interest than by an increase in trading volume.
The primary reason for the rise was an announcement made by Lighter founder Vladimir Novakovski during a meeting with investors on October 21, in which he revealed that the decentralized perpetual futures exchange plans to apply for a derivatives license from the U.S. Commodity Futures Trading Commission (CFTC) in November.
#Lighter $LIT
The primary reason for the rise was an announcement made by Lighter founder Vladimir Novakovski during a meeting with investors on October 21, in which he revealed that the decentralized perpetual futures exchange plans to apply for a derivatives license from the U.S. Commodity Futures Trading Commission (CFTC) in November.
#Lighter $LIT