Pre-Market Trading, the first over-the-counter (OTC) trading product among CEXes to allow users to trade new tokens before they are officially listed, has been launched by KuCoin, one of the top 5 cryptocurrency exchanges in the world.
This innovative innovation, which gives institutional and professional users/users alike an early access edge, has the potential to completely transform the crypto trading scene.
Pre-Market Trading is a spot trading tool that makes primary market participation more visible and approachable for consumers. With pre-market trading, users may lock in selling prices in advance or secure shares prior to listing.
In the industry, KuCoin is the first CEX to provide advanced opening trading for newly created tokens that aren’t yet listed. Without platform meddling, it enables users to take advantage of a more straightforward settlement procedure and peer-to-peer transaction experience.
The first prominent initiative of Pre-Market Trading is called Celestia. Celestia plans to launch its Genesis Drop concurrently with the launch of its native asset, TIA. Pre-Market Trading will provide users early access to TIA before to its listing, providing the benefit of guaranteed selling prices ahead of time.