Digital asset exchange BingX has announced a new pre-market trading feature that gives its users early access to new crypto assets, improved liquidity and better price discovery. This innovation aims to put the BingX community in an advantageous position in the rapidly changing and developing crypto market.
BingX Integrates Pre-Market Trading
BingX's new pre-market trading feature allows users to gain access to newly listed crypto assets ahead of official listing. This step aims to attract investors and improve both user experience and platform reliability thanks to the platform's reputation for early listings.
BingX announced the advantages of this feature in a recent statement as follows:
Early Access: Users will be able to access new digital assets before the assets' official listing date.
Price Discovery: Improved mechanisms will be introduced to determine the most appropriate prices for new assets.
Enhanced Liquidity: Increased liquidity for newly listed tokens will be available to investors.
Within the scope of the new feature, assets such as Hamster Kombat (HMSTR) and Catizen (CATI) will be listed first. The pre-market trading platform will function as an over-the-counter (OTC) system, allowing users to select orders based on demand and price expectations. This system aims to provide optimum pricing and a seamless transaction experience.
Catizen draws attention with the recent momentum it gained after investing in Pluto Studio, developed by Binance Labs. This highlights the potential growth and interest in the TON Ecosystem based on the Telegram instant messaging application. This strategic timing of BingX's pre-market trading feature stands out as a step towards increasing community interest.
Platform Security and Financial Support
BingX will take various measures to secure user funds during pre-market trading. These measures include security measures such as freezing transaction amounts. This approach aims to protect user funds and maintain trust in the platform.
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