"Jito's recent run has spurred interest from investors, including the crypto arm of venture capital firm Andreessen Horowitz, which invested $50 million in Jito last October."
"We don't really want to wait for other people to make things better above us. We're just going to go and do it ourselves."
"At launch, JTX will offer spot trading on the Solana network. It later plans to integrate perpetual futures, a sector currently dominated by buzzy startup Hyperliquid."
Jito, a crypto startup known for its infrastructure on the Solana blockchain, is launching a consumer trading app called JTX in July. Initially offering spot trading, the app will later integrate perpetual futures and prediction markets. Jito has experienced significant growth, generating nearly $6 million in revenue in a week after a notable memecoin launch. With over $100 million in cash and investment from Andreessen Horowitz, Jito aims to create its own trading solutions rather than relying on existing platforms.
Read at Fortune
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