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During the Q1 investor call, Lighter founder Vladimir Novakovski revealed that the company has begun applying for a derivatives market license focused on blockchain assets. He noted that major firms like Citadel would not consider partnerships without such regulatory approval. This move follows continued growth in crypto derivatives trading volume and rising institutional demand.

According to ME News, on April 3 (UTC+8), Vladimir Novakovski, founder and CEO of Lighter, stated during the Q1 investor call that Lighter has initiated the application process for a blockchain-based derivatives trading license, noting that it would be unfeasible to attract major traditional financial institutions like Citadel without such a license. (Source: ChainCatcher)Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.