What Is Binance Pre-Market?

2024-09-25 12:30

Binance Pre-Market is an innovative service jointly launched by Binance Spot and Binance Launchpool. This exclusive offering enables users to either divest their proceeds from Launchpool rewards through spot trades or acquire tokens in advance of the official spot listing.

Benefits of the Binance Pre-Market

Binance Pre-Market offers a unique advantage to both regular and Launchpool users by allowing them to trade and hold tokens on the Binance platform before the official spot listing.

Launchpool users can lock in their profit from rewards by selling their early generated Launchpool airdrop tokens before their official spot listing, gaining early access to trades in the fast-paced world of cryptocurrency trading.

All Binance users can acquire and trade (buy/sell) the tokens ahead of the official spot listing, without being a Launchpool user.

Who can participate in the Binance Pre-Market?

Users who accept the trading rules and acknowledge potential risks in participating in the Pre-Market are eligible.

This product may be unavailable or restricted in certain jurisdictions, regions, or to certain users, depending on legal and regulatory requirements.

Currently, users residing in the following countries or regions will not be able to participate:

Bahrain, Canada, Crimea Region, Cuba, Donetsk (non-govt controlled area in Ukraine), Dubai, Iran, Japan, Kazakhstan, Kherson (non-govt controlled area in Ukraine), Lithuania, Luhansk (non-govt controlled area in Ukraine), Netherlands, North Korea, Russia, Syria, UK Falcon, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), Zaporizhzhia (non-govt controlled area in Ukraine).

Please note that this list is non-exhaustive and may be updated periodically to accommodate changes in legal, regulatory, or other factors.

Binance Pre-Market Rules

1. Trade limitation

Purchase limitation:

Binance Pre-Market users are subject to a maximum holding limit of tokens, which may differ for each qualifying Launchpool project. If a user's current Spot account holdings exceed the maximum holding limit, they will not be able to purchase additional tokens in the Pre-Market. (Please note: User spot holding amount include balance in wallet and unfilled order )

Selling limitation:

There are no limitations on selling.

Example:

Launchpool token = BNB
Maximum spot holding of Pre-Market assets = 5 BNB
Amount of Pre-Market assets User A gets from Launchpool = 10 BNB
If User A sells 7 BNB (10 - 7 = 3 BNB), he can only purchase another 2 BNB (2 + 3 = 5 BNB).
Alternatively, User A can choose to sell all his 10 BNB.

2. Only master accounts and regular user accounts are eligible for participation in Binance Pre-Market (sub-accounts will not have Pre-Market trading permissions).

3. Only users from selected countries are eligible to participate in Binance Pre-Market.

Timeline

Launchpool subscription ends.
Launchpool rewards are distributed.
Transfer and deposit functions for the respective token will be temporarily suspended 1 hour before Pre-Market trading begins. Deposits and transfers will resume before Pre-Market trading ends, and withdrawals will be available 24 hours after the token is listed on Binance's spot market.
- You can transfer your Launchpool rewards from your sub-account to your master account up to one hour before Pre-Market trading begins.
Binance starts Pre-Market trading.
Binance ends Pre-Market trading, and open transfer and deposit function.
The token will transition from Pre-Market trading to spot trading.
Token lists on Binance Spot.
Withdrawal of Token will open at the time and date listed in the Token spot listing announcement on the platform.

Where can I find the Pre-Market function on the Binance website and app?

Please note that all users, including API users, must agree to the disclosure statement on the Pre-Market page in order to use the Pre-Market product.

If you’re using the Binance website:

On the Spot trading page, go to the [Pre-Market] tab and select a Pre-Market pair.

If you’re using the Binance app:

Frequently Asked Questions

1. Can I withdraw my Pre-Market tokens out of my Binance account?

No, you can not. The deposit and withdrawal functions for these tokens are temporarily suspended during the Pre-Market trading period.

2. Can I transfer my Pre-Market tokens to another Binance product account, such as Margin and Earn?

No, you can not. During the Pre-Market period, the transfer function is temporarily suspended.

3. What should I do when my Launchpool rewards are held in a sub-account?

You can transfer your sub-account’s Launchpool rewards to your master account up to 1 hour before the Pre-Market trading period begins.

4. How do I check whether my Pre-Market order has been submitted?

You can check your order history from [Wallets] - [Spot Order].

5. When will Pre-Market end?

Each Pre-Market trading period will end at least 4 hours before spot trading starts. Binance will publish a separate announcement about the official spot listing. However, the timeline may change for each project, please monitor the Binance Announcement updates regularly.

6. What happens after the Pre-Market period ends?

After the Pre-Market period ends, any unfulfilled Pre-Market orders will be automatically canceled and removed from the orderbook.
Binance will adjust the trading restrictions and rules accordingly to match spot market requirements. Binance Spot will then open trading for the same trading pairs.
Deposit and transfer will open once the Pre-Market period has ended.
Withdrawal functionality will open 24 hours after the token is officially launched on Binance Spot.

7. Does Pre-Market affect the prices of new token listings?

Binance Pre-Market may influence community’s market sentiment , however, the spot price is not determined by reference to the Pre-Market price.

8. Are there any risks when it comes to participating in Pre-Market trades?

Each Pre-Market project may face multiple challenges before the respective Pre-Market period ends, so the trading risk is higher than normal spot trading. Please ensure that you fully understand the Pre-Market trading rules and each Pre-Market project before entering a trade.

9. What token pairs will be available for Pre-Market trades?

Available token pairs for Pre-Market trading will be announced at the same time as each Pre-Market project on the Binance platform.

10. Where can I check my Pre-Market holdings?

You can view your Pre-Market holdings in your Spot Wallet.

11. Do I have to pay any fees for making a Pre-Market trade? If yes, what are the fees?

Standard fees apply. Please refer to Fees & Transactions Overview.

12. Why can't I trade Binance Pre-Market in the app?

You will need to update your app to 2.89.0 and above and sign a disclaimer before you trade.

13. What is the cause of the error message "This symbol is not permitted for this account"?

You may need to update your app to version 2.89.0 and above and sign a disclaimer before you trade.
You may have used a sub-account; currently, only the master account can access Pre-Market trading.
You might be in a restricted area where Pre-Market trading cannot be used.

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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 any way 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.