Jupiter Reports $1 Billion in YOLO Volume Within 24 Hours
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Jupiter says YOLO passed $1 billion in volume in less than a day, though the unaudited beta measures leveraged exposure rather than funds deposited.
Jupiter said its YOLO product recorded more than $1 billion in trading volume in less than 24 hours, according to The Defiant.
The reported figure reflects leveraged trading exposure. It should not be interpreted as the amount of money traders deposited into the product.
YOLO remains an unaudited beta. Payouts to winning traders depend on a separate house pool, which is funded by losses from other traders.
Source: The Defiant
