Bybit, the third-largest cryptocurrency exchange in the world by volume, is set to launch JUP, the native token of the Solana network liquidity aggregator, Jupiter. The JUP token will debut on both the spot and derivatives platforms on January 31st, and will play a crucial role in the governance of the future DAO Jupiter, which is expected to serve as a pioneering model of decentralized governance.
Bybit is a significant player in the cryptocurrency exchange field, ranking third in spot trading, derivatives trading, and website traffic. This makes it an ideal platform for the highly anticipated launch of the JUP token, which will be launched with deep liquidity to facilitate natural price determination.
The official listing of JUP on Bybit is scheduled for January 31, 2024 at 15:00 UTC, with users able to start trading the token on February 1, 2024, at 10:00 UTC. The spot will run first, followed by the open-ended contract an hour later.
According to Ben Zhou, co-founder and CEO of Bybit, the JUP token has undergone extensive due diligence, reflecting the belief in its potential to provide users with new possibilities in the dynamic world of DeFi. This belief is supported by the Jupiter Project’s notable handling of 65% of Solana’s DEX volume, positioning it as a key player in the DeFi space since its launch in October 2021.
The launch of the JUP token on Bybit follows a series of successful launches within the Solana ecosystem, contributing to the upward trend at the end of 2023. It is expected to draw considerable attention from both existing Solana exchange enthusiasts and new investors seeking diversified crypto portfolios.
About Bybit:
Bybit is a cryptocurrency exchange with over 20 million users, providing a professional platform for crypto investors and traders. It prides itself on its ultra-fast matchmaking system, 24/7 customer service, and multilingual community support. Bybit is also a proud partner of the Oracle Red Bull Racing team, the reigning constructors’ and drivers’ champions of Formula 1.
For more information and inquiries, please visit the Bybit Press center website. You can also receive up-to-date information on Bybit’s communities and social networks. Be sure to follow Bybit on Discord, Facebook, Instagram, LinkedIn, Reddit, Telegram, TikTok, and YouTube.
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
Source link
