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Upbit launches LIT/KRW trading market and implements temporary order restrictions on Lighter

2026-08-25 00:25:52
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Upbit will launch LIT/KRW trading pairs on August 24 and has formulated some interim rules to regulate initial trading and liquidity.

Ethereum will become the only network on Upbit to be charged with LIT.

The Upbit platform will launch the Korean won market for LIT tokens for the Lighter project at 1:00 pm Korean time on August 24. The token is currently tradeable with Bitcoin, which will serve as the basis for pricing. According to Upbit data, the closing price of LIT/BTC was 0.0004500 BTC, or approximately 4,803 won. However, this figure is for trading reference only and has nothing to do with the initial price of LIT.

Lighter (LIT) KRW Market Trading Support Announcement Support Markets: KRW Market Trading Support Start Time: 2026-08-24 13:00 KST Announcement Link:

Upbit Trading and Transfer Restrictions

LIT/KRW orders on Upbit will be suspended for 5 minutes. If the price drops by more than 10% of the reference price, sell orders will be restricted. In the first two hours after the announcement, the exchange only allows limit orders, and then activates market orders. When liquidity is insufficient, Upbit may delay trading and recommends checking prices in local and foreign markets. Upbit will only allow LIT charging through the Ethereum network. Deposits and withdrawals are subject to South Korean travel rules, and personal wallets must prove ownership. Upbit may require funding sources for large deposits.

How does LIT connect pledges to Lighter's liquidity pool?

Lighter operates a decentralized perpetual futures exchange based on an order book system that uses cryptographic certificates. LIT is Lighter's utility token, and the pledge can access Lighter's liquidity pool. Currently, for each LIT pledged, users can deposit up to 10 USDC, and the lock-up period is three days. The pledger can obtain transaction and capital income. Lighter uses 25% of its LIT for community airdrops and 50% for the Lighter ecosystem.

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