HomeMarketsBinance announces Jito (JTO) listing with Seed Tag and Isolated Margin pairs

Binance announces Jito (JTO) listing with Seed Tag and Isolated Margin pairs

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  • Jito (JTO) listing on Binance.
  • Binance adds Jito (JTO) as a borrowable asset in the Isolated Margin category.
  • JTO spot trading is tentatively scheduled to start on December 7, 2023, at 16:00 (UTC).

Binance, a leading cryptocurrency exchange, has unveiled plans to list Jito (JTO), the governance token of the Jito network. The announcement brings exciting developments, including new spot trading pairs, an applied Seed Tag, and the addition of JTO as a borrowable asset in Isolated Margin.

This move follows Coinbase’s earlier support for Jito on the Solana network, signifying growing recognition for the token across major platforms just days after the Jito Foundation announced its launch.

JTO spot trading pairs on Binance

Binance has set the stage for the listing of Jito (JTO) with the introduction of spot trading pairs: JTO/USDT, JTO/FDUSD, and JTO/TRY.

Trading for these pairs is tentatively scheduled to commence on December 7, 2023, at 16:00 (UTC).

The announcement emphasizes the significance of JTO’s Seed Tag, symbolizing its innovative nature and the potential for increased volatility compared to other listed tokens.

Traders can deposit JTO now, with withdrawals becoming available on December 8, 2023, at 16:00 (UTC).

In a bid to enhance trading opportunities, Binance is adding JTO as a borrowable asset within the Isolated Margin framework. A new margin pair, JTO/USDT, is set to be introduced within 48 hours from December 7, 2023, at 16:00 (UTC). This move aims to diversify trading strategies and provide users with additional options within the Isolated Margin category.

What is Jito (JTO)?

Jito (JTO) is the governance token for the Jito network, offering Solana liquid staking services.

With an open-source Solana validator client, stakers can earn rewards through Solana staking and address Maximal Extractable Value (MEV) using advanced MEV software.

In the listing announcement, Binance has taken the pain of cautioning its 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.

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