Trade.xyz Launches JIO Pre-IPO Perpetual Futures Trading

iconKuCoinFlash
Share
AI summary iconSummary
Trade.xyz launched JIO Pre-IPO perpetual futures on October 23, 2026. JIO represents one share of Jio Platforms Limited, priced in USD. The futures market reflects the expected stock value prior to the IPO. After the IPO, the contract will transition to a standard perpetual futures format. A USD/INR oracle will convert the rupee price following listing. Jio Platforms operates in India’s digital services sector.

BlockBeats news, on October 23, Trade.xyz announced on social media that the pre-IPO perpetual contract (IPOP) market for JIO is now live.


JIO corresponds to one ordinary share of Jio Platforms Limited and is quoted in U.S. dollars. JIO is currently a pre-IPO market reflecting the expected share price; it is expected to convert into a standard XYZ perpetual contract after the IPO. After the IPO, the oracle will convert the share price in Indian rupees to U.S. dollars using the prevailing USD/INR exchange rate. Jio Platforms provides digital connectivity and digital services in India.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.