New Delhi, Oct. 18 -- Jio Platforms IPO buzz reaches crypto market: The initial public offering (IPO) of Jio Platforms Limited is set to open for subscription this week, but its IPO buzz has already reached the cryptocurrency market. Crypto exchange Bitget listed Jio pre-IPO perpetual futures contract last week.

Known as the JIOUSDT contract,the crypto-based futures contract would let traders speculate on Jio Platforms' pre-IPO price movements. They can participate in it without actually owning its shares.

JIOUSDT is a pre-IPO perpetual futures contract. It lets traders use a speculative financial instrument tied to the company's anticipated market valuation. As per Bitget website, it can be traded 24x7, year-round and are settled direc...