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Bitget Launches Pre-Market Trading for Vertus (VERT)

25 December 2024
in Crypto, News
Reading Time: 3 mins read
104 8
Home News Crypto

Bitget has unveiled the commencement of pre-market trading for Vertus (VERT), giving traders a unique opportunity to engage with the asset before its official spot trading listing. 

According to the announcement, adding VERT to Bitget’s pre-market lineup reflects the exchange’s commitment to providing early access to projects advancing decentralised technology. Vertus, with its focus on blockchain-powered solutions, is expected to attract traders seeking exposure to projects that align with the broader objectives of Web3 adoption.

The exchange noted that details regarding the timeline for spot trading and the final delivery of VERT will be shared later. 

Bitget’s pre-market trading feature creates a distinctive environment for price discovery and liquidity optimisation. It allows buyers and sellers to negotiate pricing agreements before the asset becomes publicly traded. Sellers can also engage in transactions without holding the tokens at the time of the agreement as long as they meet their obligations prior to delivery. 

This innovative model provides enhanced flexibility and offers strategic opportunities for traders to position themselves ahead of the asset’s broader availability. Some of the tokens that passed through this program include EigenLayer’s EIGEN, Notcoin’s NOT, and ZkSync’s ZKSYNC. 

Notably, Binance launched a similar service in September 2024. The exchange emphasized that this initiative aimed to foster greater user engagement with token projects from their inception, promising timely notifications for eligible pre-market projects.

Meanwhile, Bitget has formed a strategic partnership with Fiat24, a Swiss-regulated fintech firm, to develop innovative PayFi solutions for major cryptocurrencies, including Ethereum (ETH), Bitget Token (BGB), and stablecoins like USD Coin (USDC). This collaboration aims to seamlessly integrate traditional and decentralized finance, providing secure and efficient payment options. Gracy Chen, CEO of Bitget, expressed enthusiasm for advancing crypto payments and enhancing financial access, particularly for the unbanked. She highlighted PayFi as a long-term strategy for Bitget and BGB, with the vision of making crypto payments a mainstream solution worldwide.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

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