Jio IPO News: Bitget Opens 24/7 Futures Trading On Reliance Jio Before Listing
Bitget added a JIOUSDT perpetual futures contract tied to Jio Platforms’ pre-IPO valuation, and one piece says the product was opened for 24/7 futures trading before the listing. Another piece says the listing brought Jio Platforms’ expected $106 billion IPO into the crypto derivatives market, and that the Jio-related futures offered 20x leverage.
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Traders who follow new exchange products can notice this immediately because Bitget made JIO-linked futures available around the pre-IPO phase, with trading described as available 24/7. That means the market now has a venue tied to Jio Platforms’ expected IPO valuation rather than only waiting for the stock listing itself.
In practice, the move adds a perpetual futures instrument around Jio Platforms and, from the later coverage, it is paired with 20x leverage. What remains in place is that the contract is linked to pre-IPO valuation, so the product is still a derivatives instrument rather than the IPO shares themselves.
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