Binance launches Pre-Market trading for early token access
Pre-Market trading allows participants to either sell Launchpool rewards or acquire tokens ahead of their public listing.
Key Takeaways
- Binance's pre-market trading allows buying and selling before official listings.
- The service includes a strict vetting process for token security.
Share this article
Binance has launched its Pre-Market trading service today, allowing users to buy and sell tokens before their official spot listing. This service provides users with early access to new tokens, letting them secure positions before public trading begins.
Binance has emphasized that every token available through Pre-Market trading undergoes a strict vetting process to ensure high quality, adding a layer of security for users.
Both individual traders with normal user accounts and those managing master accounts are eligible to participate in Pre-Market trading.
The service is currently available in the following countries: France, Italy, Sweden, Poland, Bahrain, Australia, Indonesia, New Zealand, Mexico, El Salvador, Colombia, Brazil, South Africa. Binance has stated that this list could change based on evolving regulations.
Participants are subject to certain limitations, including a maximum holding limit for each token. There are no restrictions on selling, but users must abide by the predefined token caps when buying.
Binance’s move is part of a broader trend among exchanges offering pre-market trading. OKX introduced pre-market futures in August 2024, enabling users to trade futures with two-times leverage on tokens before their public sale and participate in early price discovery.
Binance’s service arrives as crypto markets remain active, with Bitcoin up 1.3% to $63,700, Ethereum rising 0.9% to $2,600, and BNB down 0.7% to nearly $600 in the past 24 hours.
Share this article