Binance, the world’s largest cryptocurrency exchange, continues to provide innovative services for its users. At this point, Binance has launched the pre-market trading service (Binance Pre-Market) for Launchpool tokens.
Binance has launched a pre-market spot trading service that allows users to buy and sell select Binance Launchpool altcoins before they are officially listed, The Block reported.
While the altcoin in question is immediately available for trading, there are restrictions on withdrawals, transfers, and deposits until the official listing.
Accordingly, the pre-market trading period will end at least four hours before the official spot listing of the relevant altcoin.
Binance added that this service will not be available in certain regions, including the United States, Canada, Dubai, Japan, the Netherlands, Russia, and Spain.
“Binance is the only cryptocurrency exchange that offers pre-market spot trading, where tokens will be allocated and generated exclusively for its users to trade on the Binance platform from the pre-market.
Only select Binance Launchpool tokens will be available for pre-market trading. Currently, Launchpool tokens are being held by users until their official spot listing on Binance.
However, with Binance Pre-Market, users will be subject to restrictions such as withdrawal, transfer, and deposit limits until these tokens are officially listed.
Binance will announce when a Launchpool project is available for pre-market trading and its launch date.
Users can continue to participate in Launchpool as usual. Once pre-market trading begins, all Binance users will be able to trade tokens labeled “pre-market.” Binance will close the pre-market period at least four hours before official spot trading and make a separate announcement for listing.
*This is not investment advice.
