Jio Platforms trades on crypto rails ahead of its record IPO

Bitget's JIOUSDT perpetual futures let traders bet on Reliance's telecom unit days before its expected listing in Mumbai Jio Platforms has not rung an opening bell yet. Crypto traders are already pricing it anyway. Bloomberg reported that the Reliance Industries subsidiary is trading on crypto platforms ahead of its listing on Indian exchanges. The vehicle is a synthetic futures contract, not a share. Its arrival lands just days before what is anticipated to be India’s largest initial public offering. On October 14, 2026, crypto exchange Bitget rolled out a pre-IPO perpetual futures contract called JIOUSDT. It is tied to Jio Platforms’ expected market valuation. A perpetual future is a derivative with no expiry date. Traders can hold a position as long as they keep enough collateral posted.

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