Jito Plans July Launch of Retail Trading App JTX, Expanding Beyond Infrastructure
Summary
- Solana-based infrastructure company Jito plans to launch JTX, a trading app for individual investors, in July.
- JTX will initially offer spot trading and later add perpetual futures and prediction market features to create a direct on-chain trading environment.
- Competition in the on-chain trading market is set to intensify as infrastructure companies expand directly into service offerings.
Forecast Trend Report by Period
Jito, a Solana-based infrastructure company, is moving into the retail trading app market as it expands beyond its back-end business and into direct consumer services.
Jito plans to launch JTX, a trading app for individual investors, in July, Fortune reported on May 5.
The app will initially offer spot trading and later add perpetual futures and prediction market features. Jito aims to build a direct on-chain trading environment using its Solana-based trading infrastructure.
The company has so far focused on building infrastructure for the Solana network, but is now widening its reach into consumer-facing services as the market grows.
Rather than relying on existing applications, Jito said it wants to build its own user experience.
The move comes as infrastructure companies increasingly push into direct service offerings, intensifying competition in the on-chain trading market.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
