Centralized exchange · since 2017 Global centralized exchange for spot and derivatives trading, launched in 2017 and the largest by spot volume.
New users: Welcome rewards: up to 100 USD in trading fee rebate vouchers
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Order-book perpetual and spot exchange built as an app-specific ZK rollup on Ethereum, with verifiable matching and liquidations and zero fees on standard accounts.
New users: Weekly points drops and a free Premium trial week via referral
Claim on Lighter ↗
BinanceLighter
Trading fees (base tier)
Spot maker0.1%0%
Spot taker0.1%0%
Futures maker0.02%0%
Futures taker0.05%0%
Markets (live)
Coins listed1,189212
Coins with perpetuals744212
Coins with spot pairs8120
24h volume$69.91B$2.38B
Coins only here180 coins trade on both1,00932
New listings (detected live)
Last 30 days81
Last 90 days81
Safety and access
Proof of reservesYes · monthlyYes · real-time
Licenses2Abu Dhabi (ADGM) authorisation to operate (December 2025), Japan: re-entered via acquisition of Sakura Exchange (November 2022)None listed
Restricted regions7 regionsUnited States (served by separate Binance.US), Canada, Netherlands, United Kingdom (new sign-ups closed), European Union (no MiCA licence since July 2026)…15 regionsUnited States, Canada, United Kingdom, China, North Korea…
HeadquartersNo official headquarters; operates through regional entities (e.g. Abu Dhabi, Japan)Lighter, Inc. (Delaware corporation, United States)
Exchange tokenBNBLIT
Incidents on record41
Binance or Lighter?
Binance and Lighter are compared here on what matters when you choose where to trade: base trading fees, how many coins each lists, how quickly they add new ones, perpetual prices and funding on the coins both list, and safety signals such as proof of reserves and restricted regions. Live numbers update from the exchanges' public market data; fees and policies were checked against each exchange's own pages.
Binance lists 1,189 coins and Lighter 212. 180 coins trade on both, 1,009 only on Binance and 32 only on Lighter. In the last 30 days Binance added 8 new coins and Lighter 1.
Fees above are base-tier rates before VIP levels and token discounts; Binance offers 2 discount options and Lighter offers 4 discount options. Availability depends on where you live, so check the restricted regions before signing up.