These Binance Spot Pre-Market Terms (these “Terms”) shall apply to your use of the Pre-Market Trading Functionality (as defined below). These Terms shall take effect as at the date that you first participate in Binance Pre-Market Trading Functionality.
These Terms are to be read together with, and shall supplement and form part of, the Binance spot trading terms (the “Spot Trading Terms”), the Binance launchpool terms (the “Launchpool Terms”) and the Binance terms of use (“Terms of Use”), as each may be amended, supplemented or replaced from time to time (collectively, the “Service Agreements”).
Capitalized terms used herein but not expressly defined shall have the meaning given to them in the Service Agreements, as the context requires. In the event of any conflict or inconsistency between these Terms and the terms of any Service Agreement, the provisions of these Terms shall prevail with respect to the services contemplated hereunder, unless expressly stated otherwise.
These Terms shall govern the provision of the Spot Pre-Market Trading Functionality (as defined below) to you and shall prevail over any previous versions of these Terms that may have been sent to you or otherwise made available on the Platform. By participating in Pre-Market Trading Functionality, you confirm your acceptance of these Terms and each of the Service Agreements as they relate to the services contemplated hereunder. You also acknowledge and confirm that you have read and understood the Risk Warning.
These Terms may be translated into a language other than the English language. Any such translation is provided solely for your convenience. In the event of inconsistency or ambiguity, the English text will prevail.
Spot Pre-Market Trading
(a) The spot pre-market trading functionality allows you to engage in Pre-Market Trading on the Platform with respect to certain Pre-Market Tradable Assets during their respective Pre-Market Periods (the “Spot Pre-Market Trading Functionality”), subject to these Terms.
Pre-Market Restrictions
(a) When you use the Pre-Market Trading Functionality, you will be subject to the following restrictions during the Pre-Market Period (collectively, the “Pre-Market Restrictions”), as set out below:
(i) you will only be permitted to trade Pre-Market Tradable Assets with users who also have access to the Spot Pre-Market Trading Functionality and Orders in respect of the Pre-Market Tradable Asset can only be submitted from your master account;
(ii) you will not be able to withdraw, transfer or deposit the Pre-Market Tradeable Asset from or to your Binance spot account during the Pre-Market Period;
(iii) you will be subject to the Maximum Position Limit (i.e. you will not be able to purchase a Pre-Market Tradable Asset to the extent it would cause your aggregate holding in the relevant Pre-Market Tradeable Asset in your spot account to exceed the Maximum Position Limit).
(b) Pre-Market Tradeable Assets will become Spot Tradeable Assets and will therefore cease being subject to the Pre-Market Restrictions at such time as they are listed for Spot Trading on the Exchange or such earlier time as Binance determines in its sole and absolute discretion.
Launchpool Project Token Pre-Issue
Certain Launchpool Offers will be eligible for Pre-Marketing Trading. If a Launchpool Offer is eligible for Pre-Market Trading, this will be stated in the Launchpool Offer Terms and the Project Tokens generated during the Pre-Market Period will constitute Pre-Market Tradable Assets and will be subject to the Pre-Market Restrictions.
Definitions
(a) “Maximum Position Limit” means the maximum amount of a Pre-Market Tradable Asset that a user can hold, denominated with reference to the relevant Pre-Market Tradable Asset, and displayed on the Platform and as determined by Binance in its sole discretion.
(b) “Pre-Market Period” means, in respect of a Pre-Market Tradeable Asset, the period commencing at the beginning of the Pre-Market Trading Period for such Pre-Market Tradeable Asset and ending at such time as the Pre-Market Tradeable Asset is listed for Spot Trading on the Exchange.
(c) ”Pre-Market Trading” means submitting buy or sell Orders via the Platform in respect of Pre-Market Tradable Assets.
(d) “Pre-Market Trading Period” means, with respect to each Pre-Market Tradable Asset, the period commencing at the date and time stated in an announcement by Binance on the Platform that a Launchpool project is available for Pre-Market Trading, and ending on or around the date and time stated in any subsequent announcement by Binance on the Platform that the Pre-Market Trading for the respective Launchpool project is to end.
(e) “Pre-Market Tradeable Asset” means any Supported Digital Assets that are subject to Pre-Market Restrictions, as determined by Binance in its sole discretion.
(f) “Pre-Market Restrictions” has the meaning given to that term in clause 2 (Pre-Market Restrictions).
(g) “Spot Pre-Market Trading Functionality” has the meaning given to that term in clause 1 (Spot Pre-Market Trading).
Disclaimer:: Digital asset prices may be subject to significant price volatility. The value of your investment may go down or up, and you may lose the entire amount invested. You are solely responsible for your investment decisions and Binance is not liable in anyway for any losses that you may incur. Past performance is not a reliable indicator of future performance and Binance does not in any way provide any assurance or make any representation as to future performance. You should only invest in products you are familiar with and where you understand and fully accept the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. The trading price of a digital asset during the Pre-Market trading period and after the Pre-Market trading period is ultimately dependent on a number of factors, including market sentiment and there may not be a direct correlation between the two. This material should not be construed as financial advice. Binance does not in any way guarantee or provide any assurance or representation that you will receive any specific reward, or any return over time. In the event that a Launchpool offer fails, for any reason whatsoever, the associated Pre-Market token listing will be canceled and all Pre-Market Tradable Assets will be delisted in accordance with Binance’s Pre-Market delisting process, details of which are available here. This feature may not be available in certain countries and to certain users. This content is not intended for users/countries to which prohibitions/restrictions apply. For more information, see our Terms of Use and Risk Warning. In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
