Jito's JTX to Launch Mobile App, Add Perpetual Futures
Jito Foundation CEO Brian Smith said the Solana-based trading app JTX will release a mobile app and add perpetual futures trading this winter.
Brian Smith, CEO of the Jito Foundation, announced that JTX, a trading app built on Solana, will launch a mobile app and add perpetual futures trading this winter, according to digitaltoday.co.kr. Smith also said JTX will add stock features within two weeks.
The announcement extends JTX's product line beyond the spot trading it has offered since launch. Perpetual futures would move the app into the derivatives market, a segment where Solana-based platforms have yet to establish a large presence.
Fee model sends 80% of revenue to Jito DAO
JTX launched in July as a self-custody trading app supporting spot trading for cbBTC, SOL, HYPE and meme coins, as well as tokenized stocks and ETFs. It charges a fee on each trade, with 80% of fee revenue going to the Jito DAO to buy back and burn JTO tokens and 20% distributed to referrers.
Smith has described JTX as "a Robinhood for anyone," according to digitaltoday.co.kr. He acknowledged that Solana "has a long way to go" in the perpetual futures market, while praising Hyperliquid for bringing centralized exchange traders on-chain.
Quick answers
When will JTX launch its mobile app?
Jito Foundation CEO Brian Smith said the mobile app is planned to launch soon. Perpetual futures trading is planned for integration this winter.
What can users trade on JTX?
JTX launched in July as a self-custody trading app supporting spot trading for cbBTC, SOL, HYPE and meme coins, as well as tokenized stocks and ETFs. Stock features are set to be added within two weeks.
How does JTX use its trading fees?
JTX charges a fee on each trade. 80% of fee revenue goes to the Jito DAO to buy back and burn JTO tokens, and 20% is distributed to referrers.