Pre-Market Trading FAQ- English Version
What is Pre-Market Trading?
Pre-market trading is an OTC (over-the-counter) service offered by MEXC. It allows traders to buy and sell new tokens before they are officially listed on cryptocurrency exchanges. This trading model enables buyers and sellers to set prices and match trades independently, allowing them to trade at their desired price. By participating in MEXC's pre-market trading, you gain a competitive edge before the token enters the public market. Staying informed about the trading process and requirements is essential to maximize your chances of success in these trades.
What are the Benefits of Pre-Market Trading?
MEXC's pre-market trading provides investors with a way to seize market opportunities before a new token’s official issuance. Compared to post-listing trades, investors have the potential to acquire popular tokens on more favorable terms, potentially gaining a competitive advantage.
How is Settlement Completed?
- A. If you are a seller, ensure you have enough tokens in your spot account during the settlement period to fulfill your delivery obligation. Kindly wait for the settlement time to arrive; your tokens will be securely transferred to the buyer's account, completing the settlement process smoothly.
- B. If you are a buyer, once your order is filled, simply wait for the settlement time. If the seller does not default, you will receive the purchased tokens; if the seller defaults, you will receive compensation from the seller.
How To Sell on MEXC's Pre-Market?
As a seller, you may sell using the following two methods:Post an Order: Use the [Create Order] function to post your sell order at your desired price.Select a Buy Order: Find a matching buy order in the order book and sell your tokens at the buyer’s bid price.Once your order is filled, simply wait for settlement.
How To Buy on MEXC's Pre-Market?
As a buyer, you may use the following two methods to buy:- Post an Order: Use the [Create Order] function to set the desired price and quantity, then post your order in the order book.
- Select a Sell Order: Find a matching sell order in the order book and buy the tokens at the seller's specified price.
Once your order is filled, simply wait for settlement.
How Are Trading Fees Determined?
For sellers, trading fees consist of the collateral amount and the handling fee rate, while for buyers, fees consist of the order amount and handling fee rate. Please refer to the MEXC pre-market trading token information section for specific collateral rates and handling fees.
Do I Still Need To Pay the Fees if Settlement Fails?
Yes. Fees will only be refunded in cases where an order is not filled or if the project listing is canceled.
Can Filled Orders Be Canceled?
Filled orders cannot be canceled. Please wait for the settlement to complete.
How is the Collateral Rate Determined?
The collateral rate is set based on several factors, including the token's risk profile and market conditions.
Check the MEXC pre-market trading token information page for specific token collateral rates.
What Are the Risks of Pre-Market Trading?
For sellers, failure to deliver the full amount of tokens on time will result in the forfeiture of the collateral amount. For buyers, if the seller fails to deliver the tokens in full or on time, the buyer will receive the corresponding compensation but will not receive the token quantity specified in the order.
Will Pre-Market Trading Affect the Token's Listing Price on MEXC?
The price in the MEXC pre-market is determined by the market actions of buyers and sellers and may not accurately reflect the actual listing price of the token. Although pre-market trading can indicate market expectations, the actual listing price may be influenced by other factors, and the two are not directly related.
What if a Token Is Not Listed or the Listing Is Delayed on MEXC?
If the token’s listing is delayed, already-filled orders remain valid, and a new settlement time will be announced. If the token’s listing is canceled, filled orders will be fully refunded, and unfilled orders will be canceled.
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