Solana news: Jito Labs Launches JTX for Self-Custody Trading on Solana
Jito Labs Unveils JTX for Solana Traders
Jito Labs, a core infrastructure provider on Solana, has announced the launch of JTX, a new trading platform designed for users seeking advanced trading tools while maintaining self-custody of their assets. The announcement was made at the Solana Accelerate conference in Miami.
Features of JTX
JTX is the first product from Jito Labs built specifically for traders. It enables users to trade tokens on Solana without relinquishing control of their funds to a centralised exchange. The platform aims to provide a user experience similar to centralised exchanges, offering:
- Faster trade execution
- Stop-loss orders
- Preset trade strategies
- Detailed market charts powered by TradingView
Market Context and Growth
The launch of JTX comes as trading activity on Solana has increased, with decentralised exchanges on the network processing over $1 trillion in volume last year. Despite this growth, much of the sophisticated trading still occurs on centralised platforms or other blockchains.
Jito Labs anticipates continued demand for advanced onchain trading solutions. The company plans to expand JTX with features such as perpetual futures and prediction markets. A significant portion of revenue generated by JTX will be returned to the protocol, benefiting holders of the JTO token.
Access and Future Developments
JTX is currently available for sign-ups via a waitlist, with early access expected soon. According to Jito Labs, the platform is designed to offer professional-grade tools while ensuring users retain control of their assets.
Lucas Bruder, CTO at Jito Labs, stated, "JTX is what happens when we point Solana's infrastructure at traders who've outgrown what's currently being built for them. It beats a CEX on execution. It doesn't take your keys."
