TL;DR
- Binance launches pre-market trading service, allowing the purchase and sale of tokens before their official listing.
- Users will be able to trade real tokens, differentiating itself from competitors that offer derivatives.
- Binance ensures a strict evaluation process for tokens and will not apply additional fees to the service.
Binance, one of the largest cryptocurrency exchanges in the world, has announced the launch of a new pre-market trading service.
This tool will allow users to buy and sell tokens before they are officially listed on the spot market, a novelty that positions Binance ahead of other platforms, which usually offer derivatives instead of actual assets.
This service, developed jointly by the Launchpool and Spot divisions of the exchange, is designed to provide users with early access to selected tokens, thereby extending their lifecycle. Users will be able to trade these tokens labeled as “pre-market” before they are activated on the main market, allowing them to benefit from initial price fluctuations. Once the pre-market period begins, any Binance user will be able to participate in the purchase and sale of these assets.
One of the main features of this service is the strict evaluation process that Binance will apply to all tokens before they are included in the pre-market. This ensures that only high-quality projects with solid backing reach users. Binance has also assured that users will not face additional fees when participating in these operations, as the standard spot market fees of the platform will apply.
Binance: Pioneer Once Again
The pre-market service is aimed at both users and token projects, as it offers them a window of opportunity to gain liquidity and early market exposure. This benefits projects by extending their lifecycle on the platform and allowing for smoother integration into the spot market once the pre-market period ends.
Vishal Sacheendran, Head of Regional Markets at Binance, explained that this new feature responds to user demand for a more dynamic trading experience. He also reaffirmed the platform’s commitment to continue investing in innovative features that enhance user experience.
With this launch, Binance becomes one of the first exchanges to offer trading of actual tokens in the pre-market, differentiating itself from competitors like Bybit and Coinbase, which use derivative contracts to provide similar services
