On October 11, the cryptocurrency exchange Binance announced the launch of a pre-market featuring real tokens instead of derivatives. The first token to be featured is SCR from the Scroll Layer 2 network.
Binance Pre-Market is live!
Buy & Sell Launchpool tokens before they’re listed.
Try now ? https://t.co/rn293hmxPH pic.twitter.com/LmC8ZJZJ09
— Binance (@binance) October 11, 2024
The platform was announced in September.
Binance has combined Binance Spot and Binance Launchpool to implement the pre-market.
Assets are added to the Binance Launchpool farming platform before being listed on the spot market. Binance Pre-Market allows them to be bought or sold before the main release.
The pre-market is not available in all countries and regions. Acquired tokens cannot be withdrawn or transferred to another account until listing.
Exchange representatives highlighted the advantages:
- no fees;
- the opportunity to capitalize on early market movements;
- Launchpool users can start trading assets received during distribution.
Experts at CoinGecko have identified the best time to sell airdrop tokens.