Centralized exchange · since 2021 Seychelles-registered offshore exchange known for zero-fee spot trading and high-leverage perpetual futures.
New users: Task-based welcome rewards in USDT (futures bonus)
Claim on KCEX ↗
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 ↗
KCEXLighter
Trading fees (base tier)
Spot maker0%0%
Spot taker0%0%
Futures maker0%0%
Futures taker0.01%0%
Markets (live)
Coins listed1,234213
Coins with perpetuals825213
Coins with spot pairs8520
24h volume$19.76B$2.47B
Coins only here190 coins trade on both1,04423
New listings (detected live)
Last 30 days262
Last 90 days262
Safety and access
Proof of reservesNot publishedYes · real-time
LicensesNone listedNone listed
Restricted regions15 regionsUnited States, Canada, Mainland China, Hong Kong, Singapore…15 regionsUnited States, Canada, United Kingdom, China, North Korea…
HeadquartersMahe, Seychelles (Eden Plaza, Eden Island)Lighter, Inc. (Delaware corporation, United States)
Exchange token—LIT
Incidents on record01
KCEX or Lighter?
KCEX 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.
KCEX lists 1,234 coins and Lighter 213. 190 coins trade on both, 1,044 only on KCEX and 23 only on Lighter. In the last 30 days KCEX added 26 new coins and Lighter 2.
Fees above are base-tier rates before VIP levels and token discounts; KCEX offers 2 discount options and Lighter offers 4 discount options. Availability depends on where you live, so check the restricted regions before signing up.