LIT/KRW goes live: Feb 16, 7 PM KST; 2,383 KRW
Bithumb will open spot trading for Lighter (LIT) on its KRW market at 7:00 p.m. KST on February 16, with a reference price of 2,383 KRW, as reported by Bitcoinsistemi.According to the same report, deposits and withdrawals open within two hours of listing. The listing supports only the Ethereum network and requires 33 block confirmations. Early trading will include buy-order limits in the first five minutes, sell-range controls in that interval, and a limit-only window for roughly the first two hours.
Deposits, confirmations, and order rules at launch
The operational controls are designed to manage opening volatility and help align off-exchange inventories with on-exchange order books. Staggered deposits, confirmation thresholds, and limit-only trading are commonly used to reduce early slippage and extreme prints.The exchange summarized the action succinctly in its notice before trading began to clarify market access and pair availability.”Bithumb will list Lighter (LIT) and open KRW trading pairs,” said Bithumb.
Immediate impact: liquidity, KRW flows, and volatility considerations
A KRW pair can concentrate domestic liquidity and improve price discovery during local hours. If order controls bind in the first minutes, initial prints may cluster near the reference price before spreads normalize.Cross-venue price differences may emerge temporarily, especially between KRW books and USD-quoted markets, until arbitrage equilibrates inventories. Limit-only phases tend to dampen sweeping market orders but can widen spreads early on.If inbound flows outpace available asks during the restricted window, book depth may thin and amplify intraday volatility. Conversely, tight sell-range controls can constrain downside prints and create a more orderly open.At the time of this writing, recent coverage places LIT within the $1.60–$1.70 band, as reported by CoinGabbar. This contextual range frames near-term liquidity tests without implying future performance.
About Lighter (LIT) and ticker disambiguation
What Lighter is: zk-rollup perpetuals DEX and LIT utility
Lighter is described as a decentralized perpetuals exchange that leverages zero-knowledge rollup infrastructure to combine on-chain verification with order-book style execution, as outlined by HTX. Within this design, LIT functions as the native token, supporting the protocol’s economic and governance mechanics.This architecture seeks to deliver low-latency matching with cryptographic settlement assurances. The approach positions Lighter among zk-rollup venues targeting centralized-exchange ergonomics while maintaining decentralized finality.
Ticker note: distinguish Lighter’s LIT from other LIT tokens
Multiple unrelated projects use the ticker “LIT” across different networks and exchanges. Distinguishing Lighter’s asset from similarly named tokens is essential to avoid cross-venue or cross-chain confusion.Naming collisions can complicate custody workflows and wallet selection. Careful attention to the supported network and listing venue reduces the risk of misdirected deposits.
FAQ about Bithumb Lighter (LIT) listing
What early trading restrictions apply to LIT on Bithumb (buy limits, sell ranges, limit-only period)?
Early trading includes buy-order restrictions for five minutes, sell-range controls during that window, and a limit-only phase for roughly two hours, as reported earlier.
Which network does Bithumb support for LIT deposits and how many confirmations are required?
Deposits are supported on Ethereum with 33 block confirmations, and deposits/withdrawals open within two hours of listing, as reported earlier.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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