Bitget, a top cryptocurrency exchange and Web3 company, is now the first centralized exchange (CEX) to introduce a USDT delivery feature to its Pre-market product. This feature is part of their advanced over-the-counter (OTC) trading solution, allowing users to place orders in advance.
The new USDT delivery feature improves upon the existing Token Delivery model by reducing the risk of users defaulting during pre-market trading. The TON-based project, Major (MAJOR), will be the first to test this new feature in the Pre-market.
Bitget Enhances Pre-Market Trading with New USDT Delivery Model
The traditional Token Delivery model, while effective, has encountered challenges, particularly when sellers miss the delivery time or face delays in making on-chain deposits. These issues often result in insufficient tokens in seller accounts, leading to delivery defaults and unnecessary financial losses.
Bitget’s newly introduced USDT Delivery model addresses these problems by removing the requirement for sellers to deposit tokens and for buyers to sell the received tokens afterward. Instead, profits and losses are directly and automatically settled at the time of delivery, reducing the risk for sellers and enhancing the trading experience for buyers.
Bitget’s Pre-Market platform offers the opportunity to trade new coins before their official listing on the exchange. This peer-to-peer marketplace encourages early adoption and competitive pricing, allowing traders to react quickly to news and events outside regular trading hours. This responsiveness is crucial for taking advantage of market-moving events that occur during off-hours.
By enabling orders to be placed before the official market opening, pre-market trading gives investors a strategic edge. It allows them to anticipate and respond to potential price movements as soon as the market opens. This proactive approach can be highly beneficial for traders aiming to maximize their investment opportunities.
Bitget Pioneers USDT Delivery Feature in Crypto Pre-Market Trading
The introduction of the USDT Delivery feature represents a significant milestone for Bitget’s Pre-market platform, making it the first in the crypto trading industry to offer this capability. This new feature underscores Bitget’s commitment to continuously improving the user experience and providing innovative trading options. Traders can now take advantage of this feature with the listing of the MAJOR token on the Pre-market platform today.
Since its launch in April 2024, Bitget’s Pre-market platform has granted users early access to over 25 high-profile projects, including EigenLayer (EIGEN), Zerolend (ZERO), Notcoin (NOT), ZkSync (ZKSYNC), and more.
Bitget: Leading the Way in Cryptocurrency Exchange and Web3 Solutions
Established in 2018, Bitget has quickly become the world’s leading cryptocurrency exchange and Web3 company, serving over 25 million users across more than 100 countries and regions. The Bitget exchange is dedicated to helping users trade smarter, offering innovative solutions like its pioneering copy trading feature.
Bitget also operates a world-class multi-chain crypto wallet, formerly known as BitKeep. The Bitget Wallet provides a comprehensive suite of Web3 solutions, including wallet functionality, swap services, an NFT Marketplace, a DApp browser, and more.
Bitget is committed to inspiring individuals to embrace cryptocurrency by partnering with credible and influential figures. Among these partners are legendary Argentinian footballer Lionel Messi and prominent Turkish athletes, including wrestling world champion Buse Tosun Çavuşoğlu, boxing gold medalist Samet Gümüş, and volleyball national team member İlkin Aydın.
For more details on how USDT settlements work in the Pre-market, please visit here.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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