- Key Features of the New Trading
- BingX's Arguments and Positions
- Advantages and Security of Transactions
On August 22, 2024, leading cryptocurrency exchange BingX announced the launch of a new feature – pre-market crypto trading, which will provide users with early access to new digital assets.
Key Features of the New Trading
The BingX Pre-Market Trading feature will allow users to access cryptocurrencies before their official listing. This innovation aims to enhance price discovery and improve market liquidity. Users will be able to buy new digital assets at competitive prices and set their own prices and quantities for transactions.
BingX's Arguments and Positions
BingX Chief Product Officer Vivien Lin highlighted that this feature represents a significant milestone for the platform and its users: "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. We are dedicated to continually innovating and delivering tools that empower our users to stay ahead in the dynamic cryptocurrency market."
Advantages and Security of Transactions
The pre-market trading on BingX will function as an over-the-counter (OTC) space, ensuring genuine peer-to-peer transactions for newly listed coins. To ensure transaction security, BingX freezes the necessary funds for both parties involved, minimizing the chances of trade failures. Sellers will be able to complete deliveries as soon as they receive the coins, locking in profits without waiting for the delivery period to end.
The introduction of the pre-market crypto trading feature underscores BingX's commitment to security, reliability, and user convenience, further solidifying its leading position in the cryptocurrency trading industry.
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