Key Highlights
- JTX launched on Solana, giving the first 1,000 waitlist users access to its self-custody spot trading platform.
- More users will gain access this week, with invitations rolling out in phases based on waitlist referrals.
- Jita DAO approved JIP-38, directing 80% of JTX platform fees toward automated JTO token buybacks and burns for at least one year.
JTX, the new self-custody trading platform from Jito, officially launched on Solana on Tuesday, giving the first 1,000 users on its waitlist access to the platform.
In an X post on Tuesday, the platform said the launch allows users to trade spot markets on Solana, including meme tokens, tokenized stocks, major cryptocurrencies, and other digital assets while keeping control of their funds.
“JTX is now live. Trade spot markets on Solana—memes, tokenized equities, majors, and more,” the team wrote.
The platform said the first users to gain access were those ranked highest on the waitlist based on referrals. It also confirmed that more users would receive access through additional waves during the week. The second wave of access would open the following day, with the rollout continuing until more people on the waitlist can use JTX. Users with more referrals are expected to move higher on the waitlist and receive access earlier.
Users stay in control of their assets
JTX is designed as a self-custody trading platform, meaning users remain in control of their assets throughout the trading process. Unlike traditional exchanges, where users deposit funds into an exchange wallet, JTX allows users to trade without giving up ownership of their private keys.
The platform focuses on spot trading, allowing users to buy and sell assets directly rather than using leveraged products. According to the announcement, JTX supports a range of markets, including popular meme tokens, tokenized equities, and major digital assets available on Solana.
Jito expands beyond staking
The launch represents Jito’s expansion from blockchain infrastructure into a product aimed directly at everyday traders.
Before JTX, Jito was primarily known for products such as JitoSOL, its liquid staking token, and the Block Assembly Marketplace (BAM), which helps optimize transaction processing on Solana.
JTX revenue to support JTO buybacks
The launch comes a day after Jito DAO members approved JIP-38, a governance proposal focused on how revenue from JTX will be used. Under the proposal, 80% of fees generated from JTX will go to the Jito DAO, while the remaining 20% will be kept by JTX for further development. The proposal states that the DAO’s share of JTX revenue will be used for automated purchases and burns of the JTO token for at least one year.
Through this system, revenue generated by the trading platform will be used to buy JTO tokens from the open market and permanently remove them from circulation. Jito said the system will allow tokenholders to have a role in deciding how the network’s revenue is managed. Any changes to the commitment before the scheduled review period would require a separate governance vote.
The launch of JTX adds another product to Jito’s expanding Solana ecosystem, alongside its staking services and Block Assembly Marketplace infrastructure.
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