According to The Block, Jito Labs has officially launched JTX, a self-custody trading platform designed for professional traders in the Solana ecosystem. The platform supports spot trading of assets including cbBTC, SOL, HYPE, and meme coins, as well as tokenized real-world assets (RWAs) such as stocks and ETFs. JTX offers professional-grade trading tools including limit orders, automated execution, and conditional orders. Users retain control of their private keys, and all settlements occur on-chain with no custodial risk. In terms of fee distribution, 80% of trading fee revenue will be used by the Jito DAO to repurchase and burn JTO tokens, while the remaining 20% will be allocated to referrers.
Jito Labs Launches Self-Custody Trading Platform JTX for the Solana Ecosystem
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Summary
Jito Labs has launched JTX, a self-custody trading platform designed to support growth in the Solana ecosystem. The platform enables spot trading of cbBTC, SOL, HYPE, meme coins, and tokenized real-world assets such as stocks and ETFs. JTX offers limit orders, auto-execution, and conditional orders with on-chain settlement. Trading fees are distributed 80% to the Jito DAO for JTO buy-and-burn and 20% to referrers. This initiative aligns with broader developments in the Ethereum ecosystem surrounding DeFi innovation.
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