KuCoin Token

<a href="https://www.kucoin.com/" rel="noopener noreferrer nofollow">KuCoin</a>, a leading cryptocurrency exchange, has successfully launched its new Pre-Market Trading product, attracting almost 2 million USDT in trading volume within its first hour, and successfully securing 4.3% of the initial market liquidity before the market was open, which served as an effective anchor point for pricing and reference for users.The exchange <a href="https://www.kucoin.com/news/en-the-dawn-of-new-trading-pre-market-trading-launch" rel="noopener noreferrer nofollow">announced</a> its latest innovation on October 16, on its website and X account, introducing it as “another revolutionary trading product: Pre-Market Trading.” KuCoin’s Pre-Market trading allows traders to be able to trade tokens even before they are listed – allowing the KuCoin community’s “early birds” to secure the best possible entry.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/44f1387370d54fe28d289c25af00389a.png" />In a recent interview with <a href="https://coinedition.com/kucoin-x-coin-edition-interview-with-alicia-kao-inside-a-conversation-with-managing-director-alicia-kao/" rel="noopener noreferrer nofollow">Coin Edition</a>, KuCoin’s Managing Director Alicia Kao discussed the new feature:<blockquote>Pre-Market Trading is an over-the-counter (OTC) market that currently only opens for trading before a new token is listed. Buyers and sellers can make their own quotes and take orders to lock in prices and liquidity in advance. This allows users to gain early access before a token is officially listed, similar to the “Early Bird Market”.</blockquote>KuCoin’s Pre-Market Trading offers a more streamlined and efficient trading process via the automatic delivery of tokens. The product offers ‘trustless’ trading, protecting sellers from rug pulls; and offers collateral protection, safeguarding both buyers and sellers in the event of a non-delivery via returns.KuCoin claims that during its delivery phase, the exchange recorded over 7,000 transactions with a 96.4% settlement rate. Likewise, an hour into the settlement period, the exchange saw a total transaction volume of 1.8 million USDT, which soon grew to at least 5 million by the end of the second hour.Before the market opened, the crypto exchange managed to successfully secure 4.3% of the initial market liquidity, a significant milestone in its journey. This is a positive development, demonstrating the exchange’s influence as a pricing anchor point for users and the commitment to providing a liquid trading environment.Furthermore, throughout the Pre-Market Trading period, most of the trading prices consistently fell within the range of $1.6 to $2.6, with an average of $1.9. These prices have since become a pricing guide for real trading across various exchanges in the market.<a href="https://coinedition.com/kucoins-one-and-only-pre-market-trading-attracts-nearly-2m-usdt-in-first-hour/" rel="noopener noreferrer nofollow">Read original article on Coin Edition</a>.

KuCoin’s One and Only Pre-Market Trading Attracts Nearly 2M USDT in First Hour

Coin Edition

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