# Lighter Adds 15-Minute Bitcoin (BTC), Ether (ETH) Binary Options By John Kim Canonical URL: https://www.tokenpost.com/news/business/35148 Published: 2026-10-20T00:32:35.000Z Updated: 2026-10-20T00:32:35.000Z Section: Business > The contracts require full USDC funding and settle Up when a 15-minute window ends at or above its starting price. Lighter’s Core exchange had 15-minute binary options tied to Bitcoin (BTC) and Ether (ETH) active Oct. 19, offering traders fixed-payout contracts on short-term crypto price moves. Traders select Up or Down for each 15-minute window. A market settles Up if the ending price is equal to or higher than the starting price; otherwise, it settles Down. Each winning share pays 1 USDC, while a losing share pays nothing. Positions must be funded in full with USDC. The contracts have no leverage or liquidations, and a trader can lose the amount paid for a share. Lighter supports market and limit orders. Lighter’s interface and API are unavailable to people and entities in the United States. The [SEC-approved Cboe proposal for binary options tied to issuer key performance indicators]() covers specified securities contracts, not Lighter’s crypto-price markets. Lighter plans a broader options offering after the binary contracts. ## Links in this article - [SEC-approved Cboe proposal for binary options tied to issuer key performance indicators](https://www.tokenpost.com/news/regulation/32093)