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Trade.xyz Launches JIO Pre-IPO Perpetual Futures Market on Oct 23
According to BlockBeats, Trade.xyz unveiled its JIO Pre-IPO Perpetual (IPOP) market on October 23. JIO represents one common share of Jio Platforms Limited and is quoted in U.S. dollars. The market currently reflects anticipated stock prices ahead of the IPO; it will convert to a standard XYZ perpetual contract post-IPO. After listing, an oracle will convert the share's rupee price to U.S. dollars using the prevailing USD/INR exchange rate.