Coinbase has announced that it will add support for Jito (JTO) token based on the Solana network. If liquidity conditions are met, trading will begin on December 7, 2023, at 11:00 a.m. Eastern Time or later. Once the asset supply is sufficient, trading on the JTO-USD trading pair will be phased in. Support for JTO may be restricted in certain supported jurisdictions.

Jito, a decentralized finance platform on Solana, has introduced its new governance token, JTO, as part of its efforts to empower its user base with decision-making capabilities. The platform will distribute 100 million JTO tokens to JitoSOL holders, Solana validators who are part of the Jito Solana MEV clients, and users of Jito's MEV services. The Jito Foundation will oversee the airdrop to ensure a fair and transparent distribution to its community. This move aligns with the growing trend of decentralized platforms using governance tokens for community-driven development. Other Solana protocols, such as Pyth and JUP, have also conducted airdrops recently, highlighting the dynamic nature of the DeFi space on the Solana blockchain.