Lighter is a decentralized exchange (non-custodial, you trade from your own wallet). Base-tier fees: spot 0.00% maker / 0.00% taker, futures 0.00% maker / 0.00% taker. TradeReviewed score: 3.2 out of 5.
Key facts
| Type | DEX |
|---|---|
| TradeReviewed score | 3.2/5 |
| Spot fees (maker / taker) | 0.00% / 0.00% source |
| Futures fees (maker / taker) | 0.00% / 0.00% source |
| Licensed or registered in | - |
| Restricted or warning | - |
| Proof of reserves | - |
| Volume 24h | $4.1M Derivatives $1.73B CoinGecko, 2026-10-20 |
| Max leverage | 50x source |
| KYC | - |
| Last verified | 19 Oct 2026 |
| Fee notes | Standard (default) account; Premium accounts pay fees. |
Score breakdown
Each category is calculated from the sourced data on this page. Missing data scores low, never estimated. Methodology and formula.
| Regulation and licences (25%) | 1.0 | |
|---|---|---|
| Security and proof of reserves (20%) | 2.5 | |
| Fees (spot and futures) (20%) | 5.0 | |
| Liquidity and volume (15%) | 4.6 | |
| Products and features (10%) | 5.0 | |
| Transparency, KYC and support (10%) | 2.5 |
Regulation by country and region
Status per jurisdiction with a link to the official register. Registers change, so always check the source and the date we last verified it. What these statuses mean.
| Jurisdiction | Regulator | Licence / registration | Number | Status | Official source | Last verified |
|---|---|---|---|---|---|---|
| European Union (MiCA) | ESMA interim MiCA register | - | - | Not verified | Register | - |
| United States | NYDFS (BitLicense) / FinCEN (MSB) | - | - | Not verified | Register | - |
| UAE / Dubai (VARA) | Virtual Assets Regulatory Authority (VARA) | - | - | Not verified | Register | - |
| United Kingdom | Financial Conduct Authority (FCA) | - | - | Not verified FCA cryptoasset register could not be read automatically (bot protection); not verified yet. | Register | - |
| Singapore | Monetary Authority of Singapore (MAS) | - | - | Not verified | Register | - |
| Japan | Financial Services Agency (JFSA) | - | - | Not verified | Register | - |
| Hong Kong | Securities and Futures Commission (SFC) | - | - | Not verified | Register | - |
| Australia | AUSTRAC | - | - | Not verified AUSTRAC does not publish a public list of registered digital currency exchanges; not verified. | Register | - |
| Canada | Canadian Securities Administrators (CSA) / FINTRAC | - | - | Not verified | Register | - |
| India | Financial Intelligence Unit India (FIU-IND) | - | - | Not verified | Register | - |
| Turkey | Capital Markets Board (SPK/CMB) / MASAK | - | - | Not verified | Register | - |
| South Korea | Korea Financial Intelligence Unit (KoFIU) | - | - | Not verified | Register | - |
| Brazil | Banco Central do Brasil (BCB) | - | - | Not verified Banco Central do Brasil has not published a list of authorised SPSAVs yet (checked 20 Oct 2026). | Register | - |
Regional rankings
Lighter: frequently asked questions
Is Lighter regulated?
Lighter is a decentralized protocol. We have not found a licence on the registers we checked; you trade from your own wallet and local rules still apply to you.
Is Lighter legal in the US?
We have not verified the status of Lighter in United States yet. Check the official register and the exchange's terms for your country.
Is Lighter MiCA licensed?
We have not verified the status of Lighter in European Union (MiCA) yet. Check the official register and the exchange's terms for your country.
What are Lighter fees?
At the base (regular user) tier: spot 0.00% maker / 0.00% taker, futures 0.00% maker / 0.00% taker, according to the official fee page (checked 2026-10-19). VIP tiers and token discounts can lower this.
Is Lighter available in the UAE?
We have not verified the status of Lighter in UAE / Dubai (VARA) yet. Check the official register and the exchange's terms for your country.
Does Lighter require KYC?
We have not verified the KYC rules yet. Most centralized exchanges require identity verification before deposits, trading or withdrawals.
What is the TradeReviewed score of Lighter?
3.2 out of 5, calculated with our published methodology from regulation, security, fees, liquidity, products and transparency data. Partnerships do not affect the score.
Sources
- Lighter official website lighter.xyz
- Lighter fee schedule docs.lighter.xyz
- CoinGecko exchange volume www.coingecko.com
Risk warning: crypto-assets are volatile and you can lose all of your money. Leveraged products are high risk. Nothing on this page is financial advice.