Centralized exchange · since 2018 Dubai-based centralized exchange founded in 2018, known for derivatives and spot trading.
New users: Welcome Gift: up to $100 in bonuses for new users
Claim on Bybit ↗
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 ↗
BybitLighter
Trading fees (base tier)
Spot maker0.1%0%
Spot taker0.1%0%
Futures maker0.02%0%
Futures taker0.055%0%
Markets (live)
Coins listed892212
Coins with perpetuals797212
Coins with spot pairs3970
24h volume$16.36B$2.43B
Coins only here181 coins trade on both71131
New listings (detected live)
Last 30 days01
Last 90 days01
Safety and access
Proof of reservesYes · regular (roughly monthly) · HackenYes · real-time
Licenses1EU: MiCA crypto-asset service provider authorisation from Austria's FMA (May 2025)None listed
Restricted regions12 regionsUnited States, Canada, Chinese Mainland, Hong Kong, Singapore…15 regionsUnited States, Canada, United Kingdom, China, North Korea…
HeadquartersDubai, United Arab EmiratesLighter, Inc. (Delaware corporation, United States)
Exchange token—LIT
Incidents on record11
Bybit or Lighter?
Bybit 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.
Bybit lists 892 coins and Lighter 212. 181 coins trade on both, 711 only on Bybit and 31 only on Lighter. In the last 30 days Bybit added 0 new coins and Lighter 1.
Fees above are base-tier rates before VIP levels and token discounts; Lighter offers 4 discount options. Availability depends on where you live, so check the restricted regions before signing up.