On September 25, the world’s largest crypto exchange Binance announced launch of a premarket where real tokens will be traded, not derivatives.
Many other exchanges already offer the ability to trade crypto assets before they are officially listed. However, they tend to offer derivatives. For example, Coinbase allows trading perpetual futures on tokens that have not yet been added to the spot market.
On Bybit, users make transactions to buy or sell an asset using USDT collateral, which acts as a guarantee for settlement.
Description of the pre-market trading system on Bybit. Data: Bybit.
Binance has merged Binance Spot and Binance Launchpool to implement premarket with real tokens.
Coins are added to the Binance Launchpool farming platform before they are listed on the spot market. The new Binance Pre-Market tool allows you to sell your earnings from the platform or, conversely, buy tokens before they are officially listed on the spot.
At the time of publication of the announcement there are no assets available on the premarket. They will appear later along with new projects on Launchpool.
Binance Pre-Market is not available in all countries and regions. Tokens purchased on the pre-market cannot be withdrawn or transferred to another account before listing.
Stay up to date! Subscribe to World Stock Market on Telegram.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
