Victoria, Seychelles, April 12th, 2024, Chainwire
Bitget, a world-leading cryptocurrency exchange and Web3 platform, is excited to announce the launch of its latest feature, Pre-market. This new feature aims to meet the demand for pre-listing trading of the latest tokens and enhance the liquidity and trading experience for users. The first supported token on the Pre-market will be Merlin Chain (MERL), and trading will commence at 04:00 (UTC) on April 12th.
Pre-market is designed to facilitate trading for tokens that have not yet been officially listed on the spot market of major centralized exchanges like Bitget. It allows users to activate community trading interests and attract early adopters. By enabling pre-listing trading, users can gain early pricing power over the asset, making it easier to become the primary trading market for the asset once it is listed on various exchanges.
The Pre-market will debut with Merlin Chain (MERL) as its first supported project. Merlin Chain is a Bitcoin Layer 2 solution that integrates the ZK-rollup network, decentralized oracles, and on-chain BTC fraud prevention modules. Merlin Chain supports popular Bitcoin protocols such as BRC20, BRC420, Bitmap, Atomicals, Pipe, Stamp, and more, enabling a broader user base to interact on Bitcoin Layer 2. As an EVM-compatible chain, it offers low fees and high scalability, ensuring rapid transaction processing and improved transaction liquidity.
Bitget’s Pre-market trading offers an OTC market platform, facilitating peer-to-peer trading and enabling buyers and sellers to set prices and match trades directly. This ensures that they can secure their desired prices and liquidity in advance for the assets supported. Users engaging in pre-listing trading must ensure they have sufficient assets before trading and can complete delivery within the specified timeframe.
Gracy Chen, Managing Director of Bitget, expressed, “Bitget’s introduction of the Pre-market marks a significant advancement in our commitment to providing cutting-edge solutions for our users. This innovative feature underscores our dedication to fostering a dynamic and inclusive trading environment, empowering users to seize opportunities and stay ahead in the fast-paced crypto market.”
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