New Product Highlight: BingX Launches Pre-Market Trading for Early Access to New Digital Assets
BingX users can use the Pre-Market Trading feature to get early access to coins, efficient price discovery, and improved liquidity. It also enables the activation of community trading interests, positioning BingX as a primary market for new assets once they are officially listed. This innovative platform enhancement aims to redefine the landscape of cryptocurrency trading by providing users with early access to new digital assets before their official listing, starting with Hamster Kombat (HMSTR) and Catizen (CATI). This captivating clicker game has garnered a substantial user base interested in the TON Ecosystem built on the Telegram instant messaging app.
BingX Pre-Market Trading acts as an over-the-counter (OTC) platform, enabling genuine peer-to-peer trading of new coins. This feature allows users to acquire coins at optimal prices, secure liquidity in advance, and complete deliveries at mutually agreed-upon times. Buyers and sellers can freely choose and create orders based on their preferences and price expectations. Whether acting as buyers, sellers, or both, users can set their desired prices and quantities, ensuring a flexible and user-driven trading environment.
The platform ensures transaction security by freezing the relevant amounts for both buyers and sellers, guaranteeing that every order has solid financial backing and reducing the risk of failed trades. Sellers can also complete deliveries as soon as they have the coins, locking in their order profits without waiting for the delivery period to end. As a trusted leader in the cryptocurrency trading industry, BingX continues to innovate and deliver features that enhance the trading experience for its global user base. The launch of the Pre-Market Trading feature highlights BingX’s commitment to security, reliability, and user empowerment.
Full details can be found here.
Ethereum ETFs Make History and Hit The Market
Ethereum ETFs began trading last week, marking a major milestone in global crypto adoption. The approval of a Bitcoin ETF should be evaluated independently from that of an Ethereum ETF. This distinction arises from Ethereum’s previous investigation to determine its classification as either a security or a commodity. Notably, ETH tokens are now not considered traditional securities, such as stocks or bonds. The approval process for Bitcoin’s ETF was relatively straightforward since it was classified as a non-security. However, with the SEC also classifying Ethereum as a non-security, it paves the way for other projects with similarly complex structures to potentially qualify for ETF status.
Bitcoin ETFs marked a significant milestone by integrating conventional investing into the cryptocurrency realm, allowing investors to access cryptocurrency without owning digital assets directly. While the launch was modest, it was still considered highly successful. There is optimism about the potential performance of Ethereum ETFs, with projections estimating assets of 2 to 4 billion dollars within their first year of trading.
The Grayscale Ethereum Trust led the way with $456 million, accounting for nearly half of the total volume. However, Ethereum ETFs are expected to attract only about 10 to 20 percent of the demand seen by Bitcoin ETFs by year-end, which is understandable given Ethereum’s smaller market cap and lack of exposure to staking yield. Furthermore, this product will be great for Ethereum as it will allow more institutional money to access the currency, potentially increasing Ethereum’s price due to higher demand.
The launch of Bitcoin ETFs was widely seen as one of the most successful in history, with record-breaking trading numbers. Both of these ETFs present strong arguments for the integration of crypto into existing systems to enhance, innovate, and diversify the investor experience. It is likely that we will see more projects attempting to bring ETFs to market and introduce more institutional-based crypto projects, such as tokenization, to retail traders. Furthermore, this validates Ethereum’s critical role in the developing decentralized finance (DeFi) economy and the real-world asset tokenization (RWA) market.
Article Highlight
BingX was voted number one in Be In Crypto’s Top Most Safe Crypto Exchanges article! The prestigious outlet highlighted our withdrawal protection, insurance coverage, and fund safety. Check out the full story here.
About Me
I’m very excited to share my interview with Cointelegraph. From social trading to comprehensive educational resources, BingX aims to make crypto trading accessible and secure for everyone. Read more about that here.
Check out the exclusive Coingape interview and gain insights into the strategic partnerships driving BingX’s growth and impact in the crypto space.
Check out my commentary on the impacts of the Bitcoin halving with Coinpost here.
Interview with Yurufuwa at TOKEN2049.
I had a fantastic chat with WU Blockchain about BRC20, BingX’s strategy in 2024, and my professional background. Check out the article linked here!
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