Jito Labs Launches Self-Custody Trading Platform JTX

Source
JH Kim

Summary

  • Jito Labs said it is launching JTX, a self-custody trading platform.
  • JTX is designed to let users hold their own assets while trading tokens on the Solana (SOL) blockchain.
  • The market is focused on whether the self-custody model could spread as an alternative that reduces exchange risk, with user adoption and ecosystem integration seen as key variables.

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Jito Labs has unveiled a trading platform that allows users to keep control of their own assets, the latest sign of expanding decentralized trading infrastructure.

Crypto media outlet CoinDesk reported on May 5 that Jito Labs is launching JTX, a self-custody trading platform.

JTX is designed to let users trade while holding their own assets.

The platform operates on the Solana (SOL) blockchain and offers token trading.

Jito Labs said the platform allows users to manage their own assets while trading.

The market is focused on whether the self-custody model could spread as an alternative that reduces exchange risk. User adoption and ecosystem integration remain the key variables.

Photo: Shutterstock
Photo: Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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