Alternatives

Lighter Alternatives — Evidence Comparison

Alternative venues are shown for evidence comparison and are not recommendations. They are included because published evidence attributes differ from Lighter — not because Lighter is “bad”, and not because of commercial relationships.

Lighter record Visit Lighter

Why these venues are included

Each candidate differs from Lighter on at least one published evidence attribute (regulation, legal-entity mapping, PoR, custody, geographic records, products, or completeness). Inclusion is deterministic from the public snapshot.

Evidence attributes

Venue	Regulation	Legal entities	PoR	Custody	Geographic scope	Products	Coverage
Lighter	0	1	0	1	14	1	4 / 7i
Crypto.com	2	3	1	3	38	2	7 / 7i
Binance	4	4	1	3	3	4	7 / 7i
Gate	1	1	1	7	35	3	7 / 7i
OKX	2	6	2	2	16	7	7 / 7i
Bitget	1	1	1	1	28	4	7 / 7i

Crypto.com

Venue architectureRegulatory evidenceCustody modelPoR availabilityFee transparencyRegional availabilityProduct availabilityPublic-record completenessJurisdiction

— Published venue boundary differs (interface vs exchange). Interface/protocol presentation is kept distinct from custodial exchange records.
— Regulatory records on file: Lighter 0 (exact IDs 0) vs Crypto.com 2 (exact IDs 2).
— Custody claim records: Lighter 1 vs Crypto.com 3.
— PoR snapshots on file: Lighter 0 vs Crypto.com 1 (PoR ≠ audit).

Explore record Visit Crypto.com

Binance

Regulatory evidenceCustody modelPoR availabilityFee transparencyRegional availabilityProduct availabilityPublic-record completenessJurisdiction

— Regulatory records on file: Lighter 0 (exact IDs 0) vs Binance 4 (exact IDs 4).
— Custody claim records: Lighter 1 vs Binance 3.
— PoR snapshots on file: Lighter 0 vs Binance 1 (PoR ≠ audit).
— Fee snapshots on file: Lighter 0 vs Binance 2.

Explore record Visit Binance

Gate

Regulatory evidenceCustody modelPoR availabilityFee transparencyRegional availabilityProduct availabilityPublic-record completenessJurisdiction

— Regulatory records on file: Lighter 0 (exact IDs 0) vs Gate 1 (exact IDs 1).
— Custody claim records: Lighter 1 vs Gate 7.
— PoR snapshots on file: Lighter 0 vs Gate 1 (PoR ≠ audit).
— Fee snapshots on file: Lighter 0 vs Gate 2.

Explore record Visit Gate

OKX

Regulatory evidenceCustody modelPoR availabilityFee transparencyRegional availabilityProduct availabilityPublic-record completenessJurisdiction

— Regulatory records on file: Lighter 0 (exact IDs 0) vs OKX 2 (exact IDs 1).
— Custody claim records: Lighter 1 vs OKX 2.
— PoR snapshots on file: Lighter 0 vs OKX 2 (PoR ≠ audit).
— Fee snapshots on file: Lighter 0 vs OKX 2.

Explore record Visit OKX

Bitget

Regulatory evidencePoR availabilityFee transparencyRegional availabilityProduct availabilityPublic-record completenessJurisdiction

— Regulatory records on file: Lighter 0 (exact IDs 0) vs Bitget 1 (exact IDs 0).
— PoR snapshots on file: Lighter 0 vs Bitget 1 (PoR ≠ audit).
— Fee snapshots on file: Lighter 0 vs Bitget 2.
— Geographic restriction records: Lighter 14 vs Bitget 28.

Explore record Visit Bitget

What remains unresolved

Open questions and missing domains stay unknown. An empty cell is not a safety finding.

Lighter: Elliot Technologies, Inc. disclosed as interface operator; no regulator authorization packaged. Re-audited 2026-09-13: keep THIN; do not invent fills.
Lighter: Non-custodial interface; no PoR disclosure found
Crypto.com: HISTORICAL only: Mazars AUP as of 2022-12-07 still hosted. Re-check 2026-09-13 found no newer dated official Exchange PoR / attestation / wallet disclosure snapshot. STALE as current reserve evidence — do not present as current.
Crypto.com: Status page located; no dated material incident structured (status≠incident)
Binance: ADGM Nest trio roles mapped from official ADGM Terms; Binance FZE mapped from FZE Terms + VARA VL/24/04/001. Do not treat any single entity licence as brand-wide global authorisation. Nest Trading Limited role kept as unknown enum (broker-dealer/off-exchange per terms) pending richer role taxonomy.
Gate: No confirmed primary incident packaged
Gate: Current platform PoR snapshot recorded from gate.com/proof-of-reserves (audit time 2026-08-19, Merkle+zk-SNARK). HACKEN Jan 2024 entry on the same page documents PoR implementation methodology — not treated as the current reserve snapshot date. Independent attester PDF for the 2026-08-19 snapshot not separately packaged.
OKX: Status page located; no dated material incident structured this phase

Limitations

This is not a “best alternative” ranking. Evidence differences can change as records are re-verified. Regional records do not imply global approval.