Binance Introduces Premarket With “Real Tokens”, SEC Delays ETH-ETF Decision: Crypto Market Situation
Binance cryptocurrency exchange announced about the launch of a premarket where real tokens, not derivative financial instruments, will be available for trading.
Binance is integrating Binance Spot and Binance Launchpool into a new premarket format that allows users to trade tokens before they are officially listed on the spot market. With the help of this platform, you can sell the received income from farming or buy new tokens before they enter the spot market. However, it is worth noting that tokens bought on the premarket cannot be withdrawn or transferred to other accounts before their official listing.
This feature is not currently available in all countries and regions. Unlike other exchanges that offer derivatives trading before listing assets, Binance focuses on real tokens. For example, on Coinbase you can trade futures for tokens that have not yet appeared on the spot platform, and Bybit offers transactions using USDT as collateral for transactions.
Meanwhile, the US Securities and Exchange Commission (SEC) postponed a decision on the listing of options based on spot Ethereum-ETFs from BlackRock and Bitwise on the Nasdaq exchange. The proposal has been extended to November 10 to give the SEC more time to analyze the application in detail.
In addition, MicroStrategy is considering the possibility of providing loans in bitcoins, which will allow it to diversify its income from crypto-assets. Such an initiative can help cover interest payments on debt without the risk of excessive leverage or equity dilution. MicroStrategy has previously raised more than $1 billion through a convertible bond issue to buy bitcoin, and is now exploring new ways to use its crypto assets to generate revenue.
In China, the People’s Bank (PBOC) continues to ease monetary policy, cutting rates and reducing reserve requirements for banks, freeing up about 1 trillion yuan ($142 billion) for credit institutions. This can positively affect the growth of cryptocurrencies and support the risk asset market.
