BingX Introduces Pre-Market Trading for New Cryptocurrency Assets

Digital Asset exchange BingX has announced its new Pre-Market Trading feature. The platform aims to provide users with early access to new cryptocurrencies before their official listing.

The feature debuts with two initial offerings: Hamster Kombat (HMSTR) and Catizen (CATI). Hamster Kombat, a clicker game, has already attracted significant interest within the TON Ecosystem, which is built on the Telegram messaging app.

Vivien Lin, Chief Product Officer at BingX, highlighted the significance of this development. "This new feature represents a major milestone for BingX, providing our users with early access to new coins and the ability to secure advantageous positions before these coins are listed on the spot market," Lin stated. She added, "We are dedicated to continually innovating and delivering tools that empower our users to stay ahead in the dynamic cryptocurrency market."

The Pre-Market Trading feature operates as an over-the-counter (OTC) platform, enabling peer-to-peer trading of new coins. Users can set their own prices and quantities, creating a flexible trading environment. To ensure transaction security, the platform freezes relevant amounts for both buyers and sellers, reducing the risk of failed trades.

BingX, established in 2018, serves over 10 million users globally. The company offers a range of products including spot and derivatives trading, copy trading, and asset management. In a recent development, BingX became the official crypto exchange partner of Chelsea Football Club in 2024, marking its entry into sports partnerships.