**Binance Unveils Groundbreaking New Altcoin Feature!**
Binance has officially introduced its pre-market trading service (Binance Pre-Market) specifically for select Launchpool altcoins.
**Author:** Elif Azra Güven
**Date:** 25.09.2024 – 14:12
**Update:** Just now
As the largest cryptocurrency exchange globally, Binance consistently strives to enhance its offerings for users. Recently, it has rolled out a pre-market spot trading feature, allowing users to engage with select Binance Launchpool altcoins prior to their official market debut, as reported by The Block.
This innovative service facilitates immediate trading of the designated altcoins; however, users will face withdrawal, transfer, and deposit restrictions until these assets are fully listed. The pre-market trading phase will conclude at least four hours before the official listing of the corresponding altcoin.
It’s important to note that this service will not be accessible in several regions, including the United States, Canada, Dubai, Japan, the Netherlands, Russia, and Spain.
“Binance stands as the sole cryptocurrency exchange providing pre-market spot trading, where tokens are exclusively allocated and generated for our users to trade on the Binance platform from the pre-market phase,” the company stated.
Currently, only select tokens from the Binance Launchpool will be available for this pre-market trading. Users will retain possession of these tokens until they are officially listed on Binance. However, during the pre-market trading, participants will encounter restrictions such as limits on withdrawals, transfers, and deposits until the official launch.
Binance will announce when a specific Launchpool project becomes available for pre-market trading, along with its launch date. Users can continue engaging with Launchpool as they normally would. Once pre-market trading commences, all Binance users will have the opportunity to trade tokens marked as “pre-market.” The pre-market period will conclude at least four hours prior to the official spot trading, accompanied by a separate listing announcement.
*Please note that this is not investment advice.*
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