Major crypto exchange Bybit recently announced listing JUP, the native token of Jupiter, a leading liquidity aggregator on the Solana network.
Based on the report, the token will debut on Bybit’s spot and derivatives platforms on January 31st, playing a key role in Jupiter’s anticipated decentralized governance model.Â
As a top-3 crypto exchange globally, Bybit offers unparalleled liquidity and exposure for new token listings like JUP. The launch comes on the heels of successful airdrops within the Solana ecosystem, contributing to a bullish trend in late 2023.
Jupiter currently handles 65% of the volume on Solana decentralized exchanges, thanks to its ability to provide minimal slippage and fast execution across multiple DEXs. The JUP listing is expected to attract interest from both existing Solana investors and those seeking diverse crypto assets.
Bybit performed extensive diligence on Jupiter prior to listing JUP. According to CEO Ben Zhou, “Jupiter’s impressive handling of Solana DEX volume speaks volumes of its potential. We believe JUP will provide our users with new opportunities in DeFi.”
Official trading for JUP on Bybit begins January 31st at 3 PM UTC, with withdrawals enabled on February 1st at 10 AM UTC. The token will first trade on Bybit’s spot market, followed by perpetual contracts an hour later.
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