Understanding Cryptocurrency Pre-Market Trading
Pre-market trading allows investors to trade cryptocurrencies before official market hours, providing opportunities to react to news and market movements early. Bitget offers two primary delivery modes for pre-market orders: Token Delivery and USDT Delivery.
👉 Discover how Bitget's pre-market trading works
Token Delivery Mode Explained
In Token Delivery mode, the system attempts delivery multiple times between the "Delivery Start Time" and "Delivery End Time."
Key Process:
Seller Options:
- Complete token delivery
- Actively default (before system execution)
Successful Delivery:
- Project tokens transferred to buyer's spot account
- Buyer's locked funds released to seller's spot account
Failed Delivery:
- Transaction canceled if seller lacks required tokens
- Buyer's funds released
- Seller's locked margin compensates buyer
| Delivery Stage | Action | Account Impact |
|----------------|--------|----------------|
| Start Time | System begins periodic delivery attempts | Tokens/Balance checked |
| During Period | Successful deliveries executed immediately | Tokens transferred, funds released |
| End Time | Final delivery/compensation for remaining orders | Penalties applied if needed |USDT Delivery Mode Process
For USDT Delivery orders, all settlements occur at the "Delivery End Time":
Price Determination:
- Uses average index price from last 10 minutes
Settlement:
- Calculates profit/loss based on difference between trade price and execution price
- Transfers funds from losing party to winning party
Critical Considerations for Traders
For Token Delivery:
- Orders processed chronologically by execution time
- Buy/sell orders don't offset each other
- Only available (unlocked) tokens in spot account used for delivery
For Both Modes:
- Delivery typically completes within 1 hour
- Avoid transactions with involved currencies 30 minutes before delivery window
👉 Master pre-market trading strategies on Bitget
FAQ: Pre-Market Trading on Bitget
Q: Can I cancel a pre-market order?
A: Only before execution. Once matched, it proceeds to delivery.
Q: What happens if prices fluctuate dramatically before USDT delivery?
A: The last 10-minute average price protects against volatility spikes.
Q: How are default penalties calculated in Token Delivery?
A: The seller's entire locked margin compensates the buyer.
Q: Why might Token Delivery fail?
A: Primarily when sellers lack sufficient available tokens at delivery time.
Q: Is pre-market trading riskier than regular trading?
A: Yes, due to lower liquidity and higher volatility before official hours.
Q: Can I use margin for pre-market orders?
A: No, these require full collateral in your spot account.