Last updated in October 2024 and will be updated periodically.

What Is BingX Pre-Market Trading?

BingX Pre-Market Trading is a new trading mechanism that offers you the chance to trade new tokens over-the-counter (OTC) before they are listed. This provides a space for you to buy or sell promising tokens and get ahead of the game.

Key Advantages of BingX Pre-Market Trading

Early Opportunities: BingX Pre-Market Trading lets you trade promising tokens before they are officially listed, offering you early access to trading opportunities.
Real Trades: Engage in trades directly with buyers or sellers in a genuine peer-to-peer environment where you can freely choose from available buy and sell orders.
Flexible Creation: Whether you're a buyer or a seller, you can set your trade prices and amounts based on your preferences. You can even trade as both a buyer and a seller at the same time.
Secure Mode: When buyers and sellers create an order, the relevant order values are frozen to ensure that every trade is 100% backed by funds to reduce the risk of failed trades.

How to Use BingX Pre-Market Trading?

Check out the step-by-step guide here: BingX Tutorial | How to Get Started With Pre-Market Trading

Key Time Points in BingX Pre-Market Trading:

• Pre-Market Trading Start Time: The time where you can begin placing a maker or taker order for Pre-Market Trading of the respective project.
  Deposit Time: The time where you can begin depositing the corresponding tokens into your BingX Fund Account for Pre-Market Trading delivery.
• Pre-Market Trading End Time: After this time, you will no longer be able to place or create orders for the respective project in Pre-Market Trading. Additionally, all your unfilled orders will be automatically canceled.
• Scaling Time: Shortly after the Pre-Market Trading End Time, BingX will scale up or down the token amount and the price per token for all filled orders based on the scaling ratio. For detailed rules, please refer to the "Scaling Mechanism of BingX Pre-Market Trading". After the scaling time, you can view the scaled token amount and price in "My Orders".
• Spot Listing Time: You can trade the corresponding token in Spot Trading after this time.
• Delivery Time: This is the "designated delivery time", which typically occurs 3 to 6 hours after the Spot Listing Time (with any special circumstances following the announced schedule). This gives sellers time to get their tokens ready for delivery. The system will deliver the tokens after this time. If there are insufficient tokens in the seller's Fund Account, their entire collateral will be forfeited to the buyer.

Scaling Mechanism of BingX Pre-Market Trading:

• Preset of Project's Total Supply: Some Pre-Market Trading projects may not announce the tokenomics yet, so their total supply is unknown. BingX will preset a total supply based on publicly available information of the project. This preset total supply is for reference only. Please consider your own estimated market cap to evaluate the token's price.
• Actual Token Circulating Supply Scaling: Once the project announces the tokenomics, BingX will scale up or down the price and amount of your orders based on the actual total supply proportionately. The order value will remain the same. Details are as follows:
  
  • Scaling Ratio = Actual Total Supply : Preset Total Supply
  • Price Per Token After Scaling = Initial Price Per Token / Scaling Ratio
  • Amount After Scaling = Initial Order Amount * Scaling Ratio
  • Total Order Value After Scaling = Total Order Value Before Scaling
• For Example:
  When Project A was listed on BingX Pre-Market Trading, its tokenomics had not been announced yet. BingX has preset the total supply at 1,000,000,000 tokens.
  User A purchases 2,000 tokens at a price of 0.2 USDT, with a total order value of 400 USDT. When Project A announces its tokenomics: