Coinbase Announces That It Will List A New Altcoin

Coinbase, the largest cryptocurrency exchange in the USA, announced in its statement that it will list the JITO (JTO) token to support it on the Solana network.

According to the official statement made by Coinbase, trading for the JTO token will begin on December 7, 2023 at 21:00 Turkey time or later.

The JTO token, which is not currently traded on any exchange, will be distributed to all eligible users via airdrop tomorrow. Token holders will be able to participate in management voting on the Jito Network.

Coinbase CEO Brian Armstrong recently praised the Solana network for its speed and low cost.

Solana coin is already traded on the Coinbase exchange, and it is noteworthy that another Solana-based altcoin will be listed on the exchange after Armstrong’s statement.

SOL attracted attention with the huge rally it experienced in the last month. The price is trading 60% higher than last month and the total market value is around $27 billion.

*This is not investment advice.