Hamster

Token

2024

OKX, a prominent global cryptocurrency exchange, has unveiled its new pre-market futures product, a pioneering platform that allows trading of futures contracts on early-stage tokens before their public release.&nbsp;
This innovative service kicked off with Hamster Kombat’s HMSTR token as its first listing, providing a unique opportunity for traders to engage with new tokens under favorable conditions.
Strategic Innovations and Market Dynamics
The introduction of pre-market futures at OKX aims to enhance the price discovery process for nascent tokens and allows traders to leverage potential price movements in the crypto market.&nbsp;
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 📢 Introducing 𝐏𝐫𝐞-𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐮𝐭𝐮𝐫𝐞𝐬 You can now trade the hottest tokens with up to 2x leverage before they are listed on a spot exchange! Hamster fam, are you ready for this? 👀 Learn more: <a href="https://t.co/gRRYjsc5BX" target="_blank" rel="noopener noreferrer nofollow">https://t.co/gRRYjsc5BX</a> <a href="https://t.co/ya10rjacqr" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ya10rjacqr</a>— OKX (@okx) <a href="https://twitter.com/okx/status/1817862928801951779?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 29, 2024</a>
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The exchange has equipped this new offering with features from its existing expiry futures products, making it more user-friendly and sophisticated than traditional peer-to-peer pre-market options.&nbsp;
OKX’s Chief Commercial Officer, Lennix Lai, emphasized the exchange’s commitment to improving access to crypto trading. “Our unique approach to assisting in the price discovery process for early-stage tokens is backed by our robust risk engine and extensive experience,” Lai noted.&nbsp;
He highlighted that the initiative aims to make trading more accessible, efficient, and appealing to a broad audience.
Regulatory Concerns and Market Adjustments
Despite the innovative leap, Hamster Kombat, the issuer of the HMSTR token, faces scrutiny. The game, a popular “clicker” that gained rapid traction with 142 million users in just 77 days, has come under fire from global regulators.&nbsp;
<a href="https://www.cryptotimes.io/2024/07/24/russia-and-hamster-kombat-only-40-russians-aware-of-game/" target="_blank" rel="noopener noreferrer nofollow">Russian authorities</a> have cautioned that the game might resemble a “pyramid scheme,” while Iranian military officials have criticized it as part of a “soft war” against their country.
These controversies underline the complex landscape of digital assets that OKX navigates as it expands its services. The inclusion of HMSTR in the pre-market futures does not ensure its listing for spot trading, which remains subject to further evaluation and regulatory compliance.
OKX’s pre-market futures feature is poised to reshape how traders and investors engage with new tokens, offering them a platform for early involvement in token launches. This strategic development enhances OKX’s service portfolio and aligns with the broader market trend toward innovative crypto trading solutions.
Also Read: <a href="https://www.cryptotimes.io/2024/07/22/okx-launches-okx-racer-game-for-bitcoin-price-predictions/" target="_blank" rel="noopener noreferrer nofollow">OKX Launches ‘OKX Racer’ Game for Bitcoin Price Predictions</a>

OKX Launches Pre-Market Futures Featuring HMSTR Token

The Crypto Times

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