$LIT dropped 14.1% after Robinhood announced its U.S. crypto perpetual futures rollout through its Derivatives platform and Bitstamp.
The impact comes as Lighter had already built a close connection with Robinhood Wallet, providing perpetual futures to eligible users outside the U.S. and receiving an $11 million LIT incentive allocation for Robinhood’s community.
Bitstamp already operates Robinhood’s regulated derivatives infrastructure in other markets, while Lighter continues to power perpetual futures inside Robinhood Wallet for eligible non-U.S. users.
Robinhood also reported $10.1 billion in Bitstamp crypto volume during August, giving the platform significant existing trading activity.
#Lighter #Macro Insights# #Altcoin Season#
The impact comes as Lighter had already built a close connection with Robinhood Wallet, providing perpetual futures to eligible users outside the U.S. and receiving an $11 million LIT incentive allocation for Robinhood’s community.
Bitstamp already operates Robinhood’s regulated derivatives infrastructure in other markets, while Lighter continues to power perpetual futures inside Robinhood Wallet for eligible non-U.S. users.
Robinhood also reported $10.1 billion in Bitstamp crypto volume during August, giving the platform significant existing trading activity.
#Lighter #Macro Insights# #Altcoin Season#