Binance launches pre-trade services for spot trading

ChainCatcher news, according to The Block, cryptocurrency exchange Binance has announced the launch of its spot pre-trading service, allowing users to enter positions before tokens are officially launched. A Binance spokesperson revealed that, unlike its competitors, Binance offers "actual tokens" rather than derivatives for pre-trading.

It is reported that through this trading, tokens will be specifically allocated and generated for users to hold and trade before listing on the Binance platform.

Additionally, Binance's competitor Bybit also offers pre-trading spot services, but it seems to use derivatives instead of actual tokens.