Binance, the largest cryptocurrency exchange in the world by trading volume, has announced its new service. Recently, Binance Launchpool has been quite active, making numerous agreements particularly with tokens in the TON Coin ecosystem. Now, the exchange will allow pre-market trading of real tokens.
Binance Pre-Market Service Introduced
Before the official launch, we observed that some exchanges were opening pre-market trade pairs for popular tokens. However, this caused many issues, as some exchanges with lower trust levels offered trading possibilities with tokens that did not actually exist. In its announcement today, Binance stated it would offer trading services with “real tokens” before the official launch.
The Binance Pre-Market service will operate in collaboration with Binance Spot and Binance Launchpool. Selected Binance Launchpool tokens will be available for pre-market trading. However, users may still face certain restrictions such as withdrawal and deposit limits until the official listing.
For example, the official launch of the HMSTR Token is scheduled for tomorrow, with all exchanges executing it simultaneously. However, Binance can open pairs in advance due to token distribution before the official launch, enabling traders to accumulate investments in promising projects or sell their existing holdings beforehand. Trading will halt at least four hours prior to the activation of spot pairs on the official launch.
