Bitcoin stalls near $83,000 while lighter drops 17% on Robinhood perps plan

strategic_reserves

Bitcoin held near $83,000 as traders assessed Robinhood’s plan to offer perpetual futures, while the Lighter token fell about 17% following the announcement. The selloff suggests investors viewed the move as a competitive threat to decentralized derivatives venues, even as Bitcoin remained relatively resilient. The development highlights intensifying competition between centralized platforms and crypto-native exchanges for perpetual-futures volume.

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