Binance Introduces Pre-Market with ‘Real Tokens’

On September 25, the world’s largest cryptocurrency exchange, Binance, announced the launch of a pre-market platform where real tokens, rather than derivatives, will be traded.

Introducing #Binance Pre-Market!

Get early access to token price discovery. The first project announcement is coming soon!

Learn more ? https://t.co/JiYKNSjPwX pic.twitter.com/uknjLlZMwy

— Binance (@binance) September 25, 2024

Many other exchanges already offer the ability to trade crypto assets before their official listing. However, these typically involve derivative financial instruments. For instance, Coinbase allows trading perpetual futures on tokens that have not yet been added to the spot platform.

On Bybit, users conduct transactions to buy or sell an asset using USDT collateral, which acts as a settlement guarantee.

Binance has integrated Binance Spot and Binance Launchpool to implement the pre-market with real tokens.

Coins are added to the Binance Launchpool farming platform before listing on the spot market. The new Binance Pre-Market tool allows users to sell their earnings from the platform or buy tokens before their official appearance on the spot market.

At the time of the announcement, no assets were available on the pre-market. They will appear later alongside new projects on Launchpool.

Binance Pre-Market is not available in all countries and regions. Tokens purchased on the pre-market cannot be withdrawn or transferred to another account until listing.

Earlier in September, Binance released the Telegram game Moonbix.