Trade.xyz has launched a JIO pre-IPO perpetual, or IPOP, market, the company said on social media, according to BlockBeats.
Contract maps one Jio Platforms share
JIO represents one ordinary share of Jio Platforms Limited and is quoted in U.S. dollars. Before the IPO, the market reflects the expected share price. After the IPO, it is expected to convert into a standard XYZ perpetual, with an oracle translating the stock’s rupee price into dollars using the prevailing USD/INR rate.
Jio Platforms focuses on digital services
Jio Platforms provides digital connectivity and digital services in India.