Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list JUP (Jupiter) on February 1, 2024. The details are as follows.
List Time
1. Deposit: 03:30 on Feb 1 (UTC)
2. Withdrawal: 03:30 on Feb 1 (UTC)
3. Trading pair: JUP/USDT
4. Opening method: Call Auction
a. Call Auction
03:30-03:50 Feb 11 (UTC)
Orders can be placed and canceled
03:50-04:00 Feb 1 (UTC)
Orders can be placed but cannot be canceled
b. Trading
04:00 Feb 1 (UTC)
About JUP
Jupiter offers various functions such as swap aggregation, limit orders, average cost methods, cross-chain swap aggregation, and perpetual contracts. It aims to enhance the decentralized finance (DeFi) experience on the Solana ecosystem by aggregating liquidity from various decentralized exchanges (DEXs) and integrating the liquidity of projects.
Jupiter will be kickstarting a new phase and is planning on many developments. On the product side, they are going to support integrations like direct staking/ minting routes and a wider range of use cases such as Solana Pay, TWAP and streaming payments. As more liquidity sources and tokens come online, enabling routing between all of them and maintaining a scalable robust swap layer will be an ongoing investment in infrastructure building.
About Automated Market Making (AMM)
AMM is supported for the JUP/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily. Learn about AMM >>
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
Feb 1, 2024
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