BingX Integrates Pre-Market Trading Feature

BingX, a popular crypto exchange, has just launched a new pre-market trading feature. This feature gives users early access to new coins, potentially giving them an edge in the market.

Early Access for Traders

The pre-market trading feature allows users to trade new coins before they are officially listed on the exchange. This is a big deal for traders who are always looking for new opportunities to profit. BingX says that this feature will also improve liquidity and price discovery for new coins.

The first coins to be available for pre-market trading are Hamster Kombat (HMSTR) and Catizen (CATI). Both of these coins are part of the TON Ecosystem, which is built on the Telegram instant messaging app.

How It Works

BingX’s pre-market trading feature operates as an over-the-counter (OTC) platform. This means that users can trade directly with each other, rather than through a centralized order book. This allows users to set their own prices and trade based on their own expectations.

To ensure platform safety, BingX will freeze the amounts traded during the pre-market period. This helps to prevent price manipulation and ensures that users are trading with real money.

BingX’s Growth

BingX is aiming to attract more traders with its new pre-market trading feature. The exchange currently has over 10 million users worldwide and is looking to expand its reach even further.

BingX’s Chief Product Officer, Vivien Lin, said that the company is committed to innovation and providing its users with the tools they need to succeed in the cryptocurrency market.