Key Takeaways:
Jito Labs on May 5 launched JTX, a self-custody trading platform on Solana designed to offer professional-grade tools and centralized exchange speed while allowing users to maintain full control over their funds. The launch targets sophisticated traders as on-chain activity on Solana continues to heat up.
"Solana's infrastructure is the best in the world, processing more daily transactions than every other blockchain combined," said Lucas Bruder, the CTO at Jito Labs. "JTX is what happens when we point that at traders who've outgrown what's currently being built for them. It beats a CEX on execution. It doesn't take your keys. That's the pitch."
The new JTX platform integrates a suite of tools typically found on centralized exchanges like Coinbase or Binance, including stop-loss orders, preset trade strategies, and detailed market charts powered by TradingView. This comes as decentralized exchanges on the Solana network processed over $1 trillion in volume last year, according to Jito Labs. The price of Jito Network's JTO token was trading at $0.394383, while Solana's SOL token was at $86.55 as of this writing.
Jito Labs is betting that by providing a superior on-chain trading experience, it can attract high-volume traders who currently prefer centralized platforms. The company plans to expand JTX's offerings to include perpetual futures and prediction markets, with a portion of revenue generated benefiting JTO token holders. The platform is currently open for sign-ups via a waitlist.
This article is for informational purposes only and does not constitute investment advice.
