Lighter (LIT), a decentralized derivatives trading platform, announced plans to enter the United States market and deepen its collaboration with Robinhood. During an investor meeting, the company said it intends to apply for the necessary U.S. operating license in November 2026 and, after regulatory approvals, aims to integrate into Robinhood's main investment platform. The news triggered a sharp rally in LIT.
According to CoinGecko data, LIT climbed 21.3% over 24 hours to around $3.88, with trading volume near $125.5 million. The token traded between $3.21 and $3.97, and its market capitalization was approximately $974.4 million. LIT also gained 18.3% against Bitcoin and 17.6% against Ether. Circulating supply stood at 250 million tokens out of a 1 billion maximum supply.
Robinhood's wallet integration dates back to July 1, when the company announced access to Lighter perpetual futures inside its self-custody wallet for eligible users in selected jurisdictions. The rollout coincided with the Robinhood Chain mainnet launch, an Ethereum layer-2 network built with Arbitrum technology. Robinhood allocated 11 million LIT tokens to a points program, with participants earning double points for perpetual futures trades through Robinhood Wallet compared with Lighter's web application.
Financial ties between the firms trace to November 2025, when Robinhood Ventures participated in Lighter's $68 million funding round at a valuation of roughly $1.5 billion, and Robinhood CEO Vlad Tenev serves as an adviser to the exchange. A separate account described USDG as the collateral and pricing currency for contracts, with a 50/50 revenue split between Robinhood and Lighter. In an Oct. 20 report, Delphi Digital discussed Lighter alongside Hyperliquid as a venue for perpetual futures, citing approximately $56 billion in 30-day trading volume as of Oct. 6, while cautioning that some activity may come from incentive farming.
Robinhood's disclosures state that Lighter perpetual futures remain unavailable to U.S. residents, as well as users in the UK, Canada, Switzerland, the UAE and Singapore. The revenue-sharing agreement has operated outside the United States since July. Lighter's development team also recently launched a public EVM devnet through Axiom, connecting Ethereum-compatible tooling with its order-matching and risk engine, though the test environment still has limits such as mocked settlement proofs.
