OKX to List Jito Staked SOL (JITOSOL) for Spot Trading

OKX has announced the listing of Jito Staked SOL (JITOSOL) on its spot trading markets. The listing process will commence with JITOSOL deposits opening at 8:00 am UTC on May 7, 2025. This will be followed by a call auction from 7:00 am to 8:00 am UTC on May 9, 2025, with JITOSOL/USDT spot trading set to begin at 8:00 am UTC on the same day. Withdrawals for JITOSOL will be available starting at 10:00 am UTC on May 9, 2025. More details can be found here.

Trading Rules and Risk Control Measures

To manage market volatility during the initial phase of the JITOSOL listing, OKX will implement specific trading restrictions. For the first five minutes after spot trading begins, market orders will not be allowed. Additionally, the maximum amount per limit order and the maximum net position per user will be capped at $10,000. These restrictions will be lifted after the initial five-minute period.

OKX will also apply price limit rules based on the closing price until a stable index price is available. Once the index price is established, index-based limit rules will be applied. The platform reserves the right to adjust parameters or switch limit price calculation methods based on market conditions without prior notice.

Understanding the Call Auction Mechanism

The JITOSOL/USDT spot listing will utilize a call auction mechanism, lasting for one hour. During this period, users can submit buy and sell orders at their desired prices. The system will process these orders according to call auction rules and determine an indicative opening price.

To ensure market stability, the total value of each user’s buy orders during the call auction must not exceed $50,000. In the last five minutes of the auction, users can place orders but cannot cancel or modify them. Following the call auction, OKX will display the project team’s opening price as the initial price on the trading chart. This price is provided for informational purposes and does not affect the execution prices of orders.

JitoSOL is a liquid staking token issued by the Jito Foundation on the Solana blockchain. It allows users to stake SOL, earn staking and MEV rewards, and maintain liquidity for use in decentralized finance (DeFi) applications.

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