Trade Lighter in Pakistan

Lighter (LIT) is tradable as a perpetual from Pakistan: the legal status, working funding rails and the practical route are below.

Is Lighter trading legal in Pakistan?

Pakistan moved from a de facto banking freeze to a statutory licensing regime in 2026, and both layers are still visible at once. The Virtual Assets Act, 2026 — promulgated in March 2026, replacing the Virtual Assets Ordinance of July 2025 — established the Pakistan Virtual Assets Regulatory Authority (PVARA) as an independent federal regulator that licenses, supervises and regulates virtual assets and virtual asset service providers.

Holding and trading crypto is therefore lawful in principle and the state now has a framework for it; what is not yet true is that anyone is licensed under it. PVARA's own licensing page frames the requirements as applying "when full licensing becomes available" and gives firms that were operating on or before 5 March 2026 until 5 September 2026 to file a No Objection Certificate application or stop.

What the contract is

A perpetual on LIT tracks price and does not confer ownership of the underlying — the same contract mechanics apply in every jurisdiction; what differs by country is legal status and funding rails.

Sign up on Canborsa with email, X or a wallet

No document upload to open the account. Canborsa is non-custodial: your collateral stays under your own keys until a position opens.

Email X Wallet

Fund the account with USDC

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Canborsa takes no fiat, so buying the USDC happens wherever you normally buy stablecoins.

→Robinhood Chain

Open LIT-PERP

Pick LIT in the markets list. The ticket shows the live price, the current funding rate and max leverage 5x .

LIT-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of LIT at 5x uses $200 of collateral. Higher leverage moves the liquidation price closer to your entry: your exposure is the position size, whatever margin you posted. Set a stop-loss below your entry before you walk away.

15% flat Capital Gains Tax on cryptocurrency profits under Pakistan's Virtual Assets Ordinance 2025.

Trading LIT from Pakistan: regulated.

Pakistan Virtual Assets Regulatory Authority (PVARA), the independent federal regulator for virtual assets established under the Virtual Assets Act, 2026; the State Bank of Pakistan (SBP) remains the banking and payments regulator.

For Lighter traders in Pakistan: Full identity verification is the statutory norm for any licensed provider.

From Pakistan, you can fund a Lighter position using USDT P2P.