Overview
- Lighter went live on Feb. 11 with perpetual futures tied to Samsung Electronics, SK Hynix, Hyundai Motor, and a Korean Composite index.
- The fully on‑chain contracts allow 24/7 long or short positions and remain open as long as margin requirements are met, with settlement in cryptocurrency.
- The exchange says the products deliver up to 10x leverage, offering greater exposure than traditional exchange‑traded options currently planned in Korea.
- Lighter reports using a zero‑knowledge design intended to lower trading costs, improve execution, and keep sensitive user data off‑chain.
- The platform operates outside South Korea’s securities framework, as regulators separately approved 2x leveraged ETFs for 2026 with planned investor‑education efforts; CryptoQuant’s Ki Young Ju notes local exchanges hold about 9.54% of global spot volume.