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Coinbase will list Jito (JTO) on December 7th

Coinbase has set the stage for a major addition to its platform. On December 7th, the exchange is poised to list Jito (JTO) tokens for trading. The commencement is scheduled to kick off at 16:00 UTC, contingent upon meeting liquidity conditions.

Jito, a Solana-based liquid staking platform tied to $SOL, has been making waves in the crypto world. Notably, it recently secured $10 million in Series A funding from prominent backers like Multicoin Capital, Framework Ventures, and Delphi Digital, among others.

The Jito Network has announced a groundbreaking move ahead of its Coinbase listing—a 10% airdrop of its total supply of 100 million $JTO tokens. This generous offering is set to benefit JitoSOL points holders, Jito-Solana Validators, and MEV Searchers. The window for claiming these airdropped tokens will open concurrently with the start of trading at 16:00 UTC on December 7th.

However, it’s important to note that trading will commence on or after 11 AM ET on December 7th, pending confirmation of adequate liquidity. Once this requirement is met, trading on JTO-USD pairs will be launched gradually. Nevertheless, Coinbase has issued a caution that support for JTO might be limited in certain jurisdictions where regulatory conditions apply.

The Jito Network has been a pivotal contributor to the Solana ecosystem, particularly through its JitoSOL liquid staking pool and its suite of MEV products. This innovative approach allows users to swap their SOL tokens for JitoSOL, enabling them to retain SOL’s liquidity and tap into DeFi opportunities while earning staking rewards. Notably, JitoSOL holders will also benefit from additional rewards derived from transaction revenues associated with MEV extraction on the Solana blockchain.

The listing of Jito on Coinbase is anticipated to fuel interest among investors and enthusiasts alike, showcasing the increasing prominence of Solana-based projects in the rapidly evolving crypto landscape. With its unique liquid staking offering and the promise of additional rewards, Jito has set the stage for a significant development in the decentralized finance sector.

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