Jito Labs, Solana’s core infrastructure provider, has announced JTX, a new cryptocurrency trading platform aimed at bringing more advanced trading tools to the blockchain.
Announced at the Solana Accelerate conference in Miami, Florida, JTX is the company’s first product built specifically for traders. This allows users to trade tokens on Solana while maintaining self-custody, giving them complete control over their funds, unlike other setups that require them to hand over their assets to a centralized exchange like Coinbase or Binance.
JTX is designed to be similar to these centralized platforms, the team shared in a press release with CoinDesk. It is supposed to offer faster trade execution and a variety of tools normally used by professional traders, such as stop-loss orders, preset trading strategies, and detailed market charts with TradingView.
Jito Labs claimed that the launch comes amid a surge in trading activity on Solana, with decentralized exchanges on the network processing more than $1 trillion in trade volume last year. Many of the more sophisticated transactions still take place on centralized platforms or other blockchains.
Jito believes the demand for more advanced on-chain trading will continue to grow, and expects JTX to launch products such as perpetual futures and prediction markets. Additionally, a large portion of the revenue generated by JTX is returned to the protocol, benefiting JTO token holders.
JTX is currently accepting waitlist sign-ups, with early access expected to begin soon.
“Solana’s infrastructure is the best in the world and processes more daily transactions than all other blockchains combined,” said Lukas Bruder, CTO of Jito Labs. “JTX is what happens when you point it out to traders that have grown beyond what is currently built. It will outperform CEX on execution. No key is needed. That’s the pitch.”
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