Pre-Market Trading FAQ
1. What is Pre-Market Trading?
Pre-Market Trading is an over-the-counter (OTC) service offered by MEXC. It gives traders the opportunity to buy and sell new tokens before they are officially listed on cryptocurrency exchanges. This trading method allows buyers and sellers to set their own prices and match orders accordingly, enabling you to trade at your desired price. With MEXC Pre-Market Trading, you can gain a competitive edge before tokens enter the open market. Always familiarize yourself with the trading process and requirements to maximize your trading success.
2. What are the advantages of Pre-Market Trading?
MEXC Pre-Market Trading provides investors with early access to new tokens before their official launch. Compared to trading after a new token goes live, investors have the opportunity to acquire popular tokens on more favorable terms, potentially gaining a market advantage.
3. How to complete settlement?
If you are a seller, ensure your Spot account holds sufficient tokens during the delivery period to fulfill your delivery obligation. Wait patiently for the delivery time to arrive, and your tokens will be securely transferred to the buyer's account, completing the settlement process smoothly.
If you are a buyer, simply wait for the delivery date after your order has been filled. If the seller fulfills their obligation, you will receive the corresponding amount of tokens. If the seller defaults, you will receive compensation from the seller. The compensation amount equals: counterparty's filled ratio × counterparty's collateral amount. (Note: In cases of "sell low, buy high" where the buyer is the Maker, the seller's collateral is still calculated as: seller's order price × quantity × collateral rate. Therefore, the buyer's compensation may be less than the buyer's collateral.)
4. How to conduct Pre-Market Trading on MEXC as a seller?
Create an Order: Select the token you wish to sell, enter the order quantity and price, then submit your sell order.
Order Matching: Wait for your order to be matched with a counterparty. Once matched, ensure you have the corresponding tokens ready before the delivery time.
Order Settlement: Make sure your Spot account has sufficient tokens to complete delivery when the delivery time arrives. Otherwise, your collateral will be forfeited.
5. How to conduct Pre-Market Trading on MEXC as a buyer?
Create an Order: Select the token you wish to purchase, enter the order quantity and price, then submit your buy order.
Order Matching: Wait for your order to be matched with a counterparty. Once matched, simply wait until the delivery time to receive your tokens. If your order is executed as a Taker and the counterparty's price is lower than your order price, a portion of your collateral will be unfrozen proportionally based on the price difference.
Order Settlement: At the delivery time, you will receive tokens from your counterparty. If delivery fails, the platform will refund your full order amount and provide compensation. The compensation amount equals: counterparty's filled ratio × counterparty's collateral amount. (Note: In cases of "sell low, buy high" where the buyer is the Maker, the seller's collateral is still calculated as: seller's order price × quantity × collateral rate. Therefore, the buyer's compensation may be less than the buyer's collateral.)
6. How are trading fees determined?
Seller trading fees consist of collateral amount multiplied by the fee rate. Buyer trading fees consist of order value multiplied by the fee rate. For specific collateral rates and fee rates, please refer to the token information section on the MEXC Pre-Market Trading page.
7. Are trading fees charged if settlement fails?
Yes. MEXC only refunds fees when orders remain unfilled or when a project's listing is canceled.
8. Can filled orders be canceled?
Filled orders cannot be canceled. Partially filled orders can be canceled.
9. How is the collateral rate determined?
The collateral rate is determined by considering various factors, including the token's inherent risk and market conditions. For the collateral rate of a specific token, please check the token information on the MEXC Pre-Market Trading page.
10. What are the risks of Pre-Market Trading?
For sellers, failure to deliver the full amount of tokens on time will result in the loss of the order's collateral.
For buyers, if the seller fails to deliver the full amount of tokens or deliver on time, the buyer will receive corresponding compensation but will not receive the tokens.
11. Does Pre-Market Trading affect the listing price on MEXC?
Prices in the MEXC Pre-Market market are determined by the market behavior of buyers and sellers, and may not accurately reflect the actual launch price of a new token. While Pre-Market trading can reflect market expectations, the token's actual listing price may be influenced by various other factors, and there is no direct correlation between the two.
12. What happens if a token is not listed or its listing is delayed on MEXC?
If a token's listing is delayed, filled orders remain valid, and a new delivery time will be announced separately.
If a token's listing is canceled, filled orders will be fully refunded, and unfilled orders will be canceled.
13. Why was my order canceled or terminated?
If either the buyer or seller engages in any improper trading behavior or triggers platform risk control measures, the system will take the following actions:
- If the order has not been filled, the order will be canceled.
- If the order has entered the pending settlement stage, the order will be terminated.
If the token is still in the pending settlement stage, we recommend placing a new order to complete your trade with other users.