Introduction to Pre-Market Trading on Bitget
Bitget’s pre-market trading platform offers users the opportunity to trade new tokens before they are officially listed on the spot market. This innovative feature allows buyers and sellers to engage in peer-to-peer transactions, securing positions at preferred prices and managing liquidity in advance.
The upcoming pre-market trading event features SOON (SOON), a high-performance SVM Rollup project designed to support mass blockchain adoption. This guide provides a detailed overview of the trading schedule, settlement methods, and key features of the SOON token.
Key Dates and Timeline for SOON Pre-Market Trading
The pre-market trading period for SOON (SOON) is structured as follows:
- Pre-Market Start: May 12, 2025, at 10:00 UTC
- Pre-Market End: May 23, 2025, at 10:30 UTC
- Spot Trading Begins: May 23, 2025, at 11:00 UTC
- Delivery Period: May 23, 2025, from 12:00 to 16:00 UTC
It is important to note that all delivery activities will be completed within the specified delivery window.
Understanding Settlement Methods
Bitget pre-market trading supports two primary settlement methods: Coin Settlement and USDT Settlement. Each operates under distinct mechanisms.
Coin Settlement
Under Coin Settlement, the system processes deliveries in multiple cycles starting from the delivery start time. Sell orders with sufficient token balances in the seller’s spot account are matched with corresponding buy orders. If sellers lack the required tokens or choose to default, compensation via security deposits is not triggered immediately. Instead, the system resolves all remaining orders at the delivery end time.
USDT Settlement
For USDT Settlement, all orders are settled at the project’s delivery end time. The execution price is determined by the average index price from the last ten minutes before delivery, calculated using a weighted average from leading exchanges to ensure fairness.
Example Calculation
Assume a user buys 10 SOON tokens at 10 USDT (Order A) and sells 10 tokens at 15 USDT (Order B). If the final execution price is 5 USDT:
- Order A PnL: (5 – 10) × 10 = –50 USDT
- Order B PnL: (15 – 5) × 10 = 100 USDT
- Total PnL: 50 USDT
This example illustrates how profits and losses are calculated based on the execution price at delivery.
An Overview of the SOON Project
SOON is a blockchain infrastructure project built around a high-performance SVM Rollup. It aims to create a "Super Adoption Stack" to drive mainstream blockchain use through three core products:
- SOON Mainnet
- SOON Stack
- InterSOON
Key technological innovations include Decoupled SVM, Merklization, and Horizontal Scaling. The total supply of SOON tokens is capped at 1,000,000,000.
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Frequently Asked Questions
What is Bitget pre-market trading?
Pre-market trading is an over-the-counter (OTC) platform that enables users to trade new tokens before their official exchange listing. It allows buyers and sellers to agree on prices in advance and complete delivery at a predetermined time.
What are the benefits of pre-market trading?
This feature provides early access to new tokens, helps secure liquidity, and allows participants to trade at mutually agreed prices. Sellers do not need to hold the tokens immediately when placing orders—only by the delivery time.
How does delivery work in pre-market trading?
For Coin Settlement, sellers must have sufficient tokens in their spot account by the delivery time. The system automatically matches and executes valid orders. For USDT Settlement, all orders are settled at the delivery end time based on the average index price.
Can I trade partial quantities in pre-market orders?
Yes, orders can be partially filled as long as the trade meets the minimum transaction limit set by the platform.
What happens if a seller fails to deliver tokens?
In cases of default, the system cancels the transaction, releases the buyer’s frozen funds, and compensates the buyer using the seller’s security deposit.
Is pre-market trading suitable for beginners?
While it offers advanced opportunities, users should have a clear understanding of settlement rules and market risks before participating.
Important Considerations
Participants should ensure sufficient balances in their spot accounts before the delivery period. For Coin Settlement, only available tokens (not frozen in orders) are used for delivery. The system processes orders based on transaction time, and buy/sell orders in the same settlement mode do not offset each other.
Additionally, sellers should avoid conducting transactions with the delivery currency for 30 minutes after delivery begins to prevent failures due to insufficient funds.
Final Thoughts
Bitget’s pre-market trading offers a flexible and forward-looking way to engage with new crypto assets like SOON. By understanding the settlement rules, timeline, and project fundamentals, users can make more informed decisions and better manage their trading strategies.
As with any cryptocurrency investment, it is essential to recognize the risks involved and conduct thorough personal research before committing funds.