According to BlockBeats, Jito Labs announced on May 5 that it will launch JTX, a consumer-focused cryptocurrency trading application, in July 2026, marking its expansion from infrastructure to frontend trading services.
JTX will initially support spot trading on Solana, with perpetual futures and prediction market features to follow, potentially integrated through the Solana ecosystem’s Phoenix trading platform. Jito, founded in 2021 with approximately 39 employees and over $100 million in cash reserves, previously generated nearly $6 million in weekly revenue during peak on-chain trading periods and received a $50 million investment from Andreessen Horowitz’s crypto fund.
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