#Binance , the largest and best cryptocurrency exchange in the world, continues its efforts to bring innovative services to its users. This time, they have launched a brand-new pre-market trading service (Binance Pre-Market) for tokens from the Launchpool program.
Ability to Trade Altcoins Before Official Listing
With this new feature, Binance users can buy and sell selected altcoins from the Binance Launchpool program before they are officially listed on the exchange. This information was reported by The Block.
Even though trading will commence immediately, withdrawals, transfers, and deposits of these tokens will be restricted until their official listing.
End of Pre-Market Trading
Pre-market trading will end at least four hours before the official spot trading of the respective altcoin begins.
Restrictions for Certain Regions
Binance also announced that this new service will not be available in certain regions, including the United States, Canada, Dubai, Japan, the Netherlands, Russia, and Spain.
Exclusive Offer for Binance Users
Binance is the only #cryptocurrency exchange offering spot trading before the official market launch. The tokens available for trading in this mode are exclusively reserved for Binance users.
Trading Restrictions
Selected tokens from the Launchpool program will be available for pre-market trading but with certain restrictions. Users will not be able to withdraw, transfer, or deposit these tokens until their official listing.
Further Announcements and Plans. Will Fatty.io be the next project?
Binance will provide timely information about the availability of each Launchpool project for pre-market trading and the date of its launch. Users can continue to participate in the Launchpool program as usual.
Currently, Binance is also listing less-known tokens, which could be an advantage for Fatty.io, which is currently in presale and is designed for T1 listings. #Fatty
Once pre-market trading is active, all tokens labeled as “pre-market” will be available for trading. The pre-market period will close at least four hours before the official spot trading, and Binance will issue a separate announcement regarding the listing.
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