Centralized exchange · since 2019 Singapore-based crypto exchange known for free built-in trading bots, with spot, futures and a separate US platform.
New users: Up to 60 USDT in Growth Funds for new users
Claim on Pionex ↗
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 ↗
PionexLighter
Trading fees (base tier)
Spot maker0.05%0%
Spot taker0.05%0%
Futures maker0.02%0%
Futures taker0.05%0%
Markets (live)
Coins listed685212
Coins with perpetuals561212
Coins with spot pairs3090
24h volume$22.07B$2.47B
Coins only here122 coins trade on both56390
New listings (detected live)
Last 30 days01
Last 90 days01
Safety and access
Proof of reservesYes · Elite Partners; MooreYes · real-time
Licenses2US FinCEN MSB registration (Pionex.US, with state money transmitter licences/exemptions), Registrations reported in Singapore and AustraliaNone listed
Restricted regions17 regionsUnited States (served via separate Pionex.US), China, North Korea, Iran, Cuba…15 regionsUnited States, Canada, United Kingdom, China, North Korea…
HeadquartersSingaporeLighter, Inc. (Delaware corporation, United States)
Exchange token—LIT
Incidents on record11
Pionex or Lighter?
Pionex 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.
Pionex lists 685 coins and Lighter 212. 122 coins trade on both, 563 only on Pionex and 90 only on Lighter. In the last 30 days Pionex added 0 new coins and Lighter 1.
Fees above are base-tier rates before VIP levels and token discounts; Pionex offers 2 discount options and Lighter offers 4 discount options. Availability depends on where you live, so check the restricted regions before signing up.