Binance, a leading cryptocurrency exchange, has announced the listing of Jito (JTO), the governance token of the Jito network. This move follows Coinbase’s earlier support for Jito on the Solana network. Binance is introducing new spot trading pairs for JTO; JTO/USDT, JTO/FDUSD, and JTO/TRY. Trading is tentatively scheduled to start on December 7, 2023, at 16:00 (UTC).
Moreover, Binance is adding JTO as a borrowable asset within the Isolated Margin framework. A new margin pair, JTO/USDT, is set to be available within 48 hours from December 7, 2023, at 16:00 (UTC).
Jito (JTO) is the governance token for the Jito network, offering Solana liquid staking services. It has an open-source Solana validator client, allowing stakers to earn rewards through Solana staking and address Maximal Extractable Value (MEV) using advanced MEV software.
Binance has cautioned users about the relatively new nature of JTO, exposing it to higher risks and potential price fluctuations. The crypto exchange emphasizes the importance of sound risk management practices before engaging in JTO trading activities. Users can deposit JTO now, with withdrawals becoming available on December 8, 2023, at 16:00 (UTC).
