KuCoin has introduced a unique Pre-Market Trading feature, allowing early users to trade tokens before they officially list. KuCoin reserved 4.3% of the initial market liquidity, acting as a reference for pricing. In the first hour of its launch, KuCoin saw a total trading volume of 1.8 million USDT.
KuCoin, a major cryptocurrency exchange, recently launched a new feature called Pre-Market Trading. In the first hour, it attracted nearly 2 million USDT in trading volume and reserved 4.3% of the initial market liquidity, acting as a pricing reference for users.
The exchange introduced this innovation on October 16, allowing users to trade tokens even before they officially list. This benefits early traders by providing them with a chance for a favorable entry point.
🆕 Join the #crypto craze BEFORE the crowd. Say hello to #KuCoin's new Pre-Market Trading! 🌟
🤯 Get in on new tokens BEFORE the crowd
💰 Lock in prices in advance
💼 Bye complex settlements, hello peer-to-peer magicClick to learn more ⬇️
— KuCoin (@kucoincom) October 16, 2023
Pre-Market Trading is like a special market that happens before a new token is available for everyone. In this market, people who want to buy and sell can decide on prices and make deals before the token is open to everyone. It’s a bit like a market for early birds who want to get a head start.
KuCoin’s Pre-Market Trading: A Smooth and Secure Process
KuCoin’s Pre-Market Trading offers a streamlined way to trade tokens with automatic delivery. It’s designed to provide trustless trading, protecting sellers from scams, and collateral protection to ensure safety for both buyers and sellers if there’s a problem with delivery.
During the delivery phase, KuCoin handled over 7,000 transactions with a 96.4% settlement rate. Within an hour, they recorded a total trading volume of 1.8 million USDT, which later grew to at least 5 million by the end of the second hour.
Before the market officially opened, KuCoin secured 4.3% of the initial market liquidity, demonstrating its influence as a pricing reference for users and its commitment to offering a liquid trading environment.
Throughout the Pre-Market Trading period, most trading prices ranged from $1.6 to $2.6, with an average of $1.9. These prices have now become a reference point for real trading on different exchanges in the market.
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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