Jito to launch trading app 'JTX' for general users in July

Jito (JTO), a Solana-based liquid staking token, plans to launch a trading app called JTX for general users in July, Fortune reported. The company stated that it currently holds over $100 million in cash and decided to launch the app to enable direct on-chain trading, setting it apart from competitors that rely on existing infrastructure. JTX will initially support spot trading for Solana-based cryptocurrencies, with future plans to add perpetual futures trading and integrate prediction markets.