Bitget Debuts Pre-market with Merlin Chain (MERL) Token as the First Supported Asset

Bitget, a highly renowned cryptocurrency exchange and Web3 platform is thrilled to introduce its newest feature, Pre-market. This new feature is designed to address the need for pre-listing trading of the latest tokens and improve liquidity and trading experience for users. The initial token available on the Pre-market will be Merlin Chain (MERL), with trading starting at 04:00 (UTC) on April 12th.

Pre-market is specifically designed to streamline trading for tokens not officially listed on the spot market of major centralized exchanges such as Bitget. Users can activate community trading interests and attract early adopters. By facilitating pre-listing trading, individuals can have an advantage in determining the asset’s initial price, positioning themselves as the go-to trading market once it is officially listed on different exchanges.

The Pre-market is set to launch with Merlin Chain (MERL) as its inaugural supported project. Merlin Chain is a cutting-edge Bitcoin Layer 2 solution that seamlessly incorporates the ZK-rollup network, decentralized oracles, and on-chain BTC fraud prevention modules. Merlin Chain is compatible with well-known Bitcoin protocols like BRC20, BRC420, Bitmap, Atomicals, Pipe, Stamp, etc. This allows a wider range of users to engage with Bitcoin Layer 2. With its EVM compatibility, this chain provides users with low fees and high scalability. This means that transactions can be processed quickly, improving transaction liquidity.

Bitget’s Pre-market trading provides an OTC market platform for peer-to-peer trading, allowing buyers and sellers to set prices and match trades directly. This guarantees that individuals can secure their preferred prices and liquidity for the supported assets in advance. Users participating in pre-listing trading should ensure they possess enough assets and can fulfil the delivery requirements within the designated timeframe.

Bitget has established itself as a leading crypto spot trading platform, offering over 700 coins and 800 pairs. As a seasoned professional in the field of blockchain, Bitget consistently pushes the boundaries of innovation to cater to the ever-changing demands of cryptocurrency traders.

For additional details on Bitget Pre-market, you can find more information at: https://www.bitget.com/support/articles/12560603808074.