Trade.xyz Launches JIO Pre-IPO Perpetual Contract Trading

BlockBeats news, October 23 - Trade.xyz posted on social media that JIO's pre-IPO perpetual contract (IPOP) market is now live.

It is reported that JIO corresponds to 1 ordinary share of Jio Platforms Limited, quoted in USD. JIO is currently a pre-IPO market reflecting the expected stock price; it is expected to convert to a standard XYZ perpetual contract after the IPO. After the IPO, the oracle will convert the underlying stock's rupee price to a USD price based on the prevailing USD/INR exchange rate. Jio Platforms provides digital connectivity and digital services in India.