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 ↗
Self-custodial exchange for stock tokens and perpetual futures on Robinhood Chain, built by the team behind dYdX in partnership with Robinhood. Trades 24/7.
New users: Perps access via invite code or waitlist, plus Arcus Points (Season 1)
Claim on Arcus ↗
LighterArcus
Trading fees (base tier)
Spot maker0%0%
Spot taker0%0%
Futures maker0%0%
Futures taker0%—
Markets (live)
Coins listed21260
Coins with perpetuals21260
Coins with spot pairs00
24h volume$2.38B$618.8M
Coins only here55 coins trade on both1575
New listings (detected live)
Last 30 days10
Last 90 days10
Safety and access
Proof of reservesYes · real-timeYes · real-time
LicensesNone listedNone listed
Restricted regions15 regionsUnited States, Canada, United Kingdom, China, North Korea…3 regionsUnited States, United Kingdom, Canada
HeadquartersLighter, Inc. (Delaware corporation, United States)—
Exchange tokenLIT[object Object]
Incidents on record12
Lighter or Arcus?
Lighter and Arcus 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.
Lighter lists 212 coins and Arcus 60. 55 coins trade on both, 157 only on Lighter and 5 only on Arcus. In the last 30 days Lighter added 1 new coins and Arcus 0.
Fees above are base-tier rates before VIP levels and token discounts; Lighter offers 4 discount options and Arcus offers 3 discount options. Availability depends on where you live, so check the restricted regions before signing up.