Pre Market Trading?
Hi Guys, has anyone noticed a new feature that you may not be aware of right now?
Its name is Pre-Market.
It can be said that this feature is quite "new" and sounds foreign to my friends' ears because what we usually hear is Spot and Futures or Derivatives. So that we can all maximize opportunities in all kinds of markets, then read this thread, I will discuss it thoroughly !!
Oh yes, you can also stop by my Telegram channel, Billionaire Trader to find out the latest Market Updates EVERY DAY by clicking the link below: https://t.me/BillionaireTrader99
We will discuss the first part, namely what is Pre-Market in Crypto?
Pre-Market is an innovative service launched by Binance in the Spot and Launchpool sector. This exclusive offering allows users to release coins from Launchpool rewards through spot trading or acquire tokens before official listing on the spot.
Then after we know that this feature is a service from Binance that allows us to trade coins before they are officially listed... what are the advantages???
Binance Pre-Market offers unique benefits to regular users 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 profits from their rewards by selling Launchpool airdrop tokens generated early before the official spot listing, thereby gaining early access to trade the coin.
And even betterâŠ
All Binance users can acquire and trade (buy/sell) tokens before the official listing on the spot, without having to be a Launchpool user.
It's like you're doing a buy and sell transaction before the coin is actually listed on the market. Interesting, isn't it!?!?!?
I'll explain a little bit about why this is interesting:
If we have already traded in the pre-market and it turns out that the coin has extraordinary hype or positive sentiment from the community, we can get a much better volatility opportunity compared to having to "fight" for positions in the original market when it is released.
So, do you think the concept is interesting? Try commenting below!
Next, now how does the Pre-Market Trading system on Binance work?
Once the Pre-Market period ends, all unfilled Pre-Market orders will be automatically cancelled and removed from the orderbook.
After that, Binance Spot will open trading for the same trading pair in the spot market and this is where the actual spot coin trading will begin.
Deposits and transfers will be opened after the Pre-Market period is over.
The withdrawal function will be opened 24 hours after the token is officially launched on Binance Spot.
Does Pre-Market affect the listing price of new tokens?
Binance Pre-Market may influence community market sentiment, but spot prices are not determined based on Pre-Market prices.
Are there any risks when participating in Pre-Market trading?
Each Pre-Market project may face various challenges before the Pre-Market period ends, so the trading risk is higher than normal spot trading. Make sure you fully understand the Pre-Market trading rules and each Pre-Market project before trading so that you are not surprised by the dynamics of Pre-Market Trading.
What token pairs (trading pairs) will be available for Pre-Market trading?
Token pairs available for Pre-Market trading will be announced along with each Pre-Market project on the Binance platform. Usually, the Pre-Market coins are coins that will have a launchpool project. For example, Hamster Kombat, which was very positive in terms of market enthusiasm yesterday, before listing on Spot, there was Hamster Kombat in the Pre-Market with the code HMSTR. The coin was quite busy being traded on the market until it was finally released.
This is a chart of HMSTR when the coin was listed on Binance SPOT (not Pre-Market). You can see how the volatility is between traders to buy and sell in the initial area of ââthe new listing.
Where can I check my Pre-Market holdings?
You can view your Pre-Market holdings in the Spot Wallet.
When does the Pre-Market period end?
Each Pre-Market trading period will end at least 4 hours before spot trading begins. Binance will publish a separate announcement about the official listing on the spot market. However, the schedule is subject to change for each project, so be sure to monitor Binance's announcement updates regularly.
To summarize: Pre-Market coins are usually coins that are in Launchpool and the trading period of these coins will end 4 hours before the SPOT market is released. The charts and tickers are also different so that each market will have its own trading dynamics.
Well, because as of this writing, there are no coins that will be released through launchpool again, so there are not many examples that I can give for now. But hopefully all of this can be your provision to seize other opportunities in different markets, okay!!
