Binance has launched a pre-market spot trading service, allowing users to take positions before tokens are listed on the spot market. Unlike competitors that use derivatives, Binance offers real tokens for trading in the pre-market stage.
The service works in partnership with Binance Spot and Binance Launchpool. Users can trade select Launchpool tokens before their official listing, but with restrictions on withdrawals, transfers, and deposits. Pre-market trading closes at least four hours before official trading begins.
The service is not available in some regions, including the United States, Canada, Dubai, Japan, and Russia.