Bitget Launches Pre-Market Trading for HMSTR Futures Coin (HMSTRBG)

Bitget, a giant cryptocurrency exchange and web3 company, today has officially introduced pre-market trading for the HMSTR Futures Coin (HMSTRBG), providing users with early access to this promising new token. This strategic move aligns with Bitget’s ongoing efforts to support innovation in the cryptocurrency space, particularly within the GameFi sector.

Details of the Pre-Market Launch

The pre-market trading for HMSTRBG begins on June 21, 2024, at 8:00 UTC. This trading will allow users to engage in transactions involving HMSTRBG prior to its official listing on the spot market. Unlike traditional spot trading, HMSTRBG will solely be available for pre-market trades, providing an exclusive window for early access to the coin. Bitget has outlined the following key procedures for the launch:

1. Initiation and Confirmation: The pre-market trading of HMSTRBG will commence after confirming its total supply.
2. Trade Transfer: Completed pre-market trades will be transitioned to the HMSTR pre-market trading. The volume of pre-market orders will remain unchanged, but the coin quantity and price will adjust based on the total supply of HMSTRBG and HMSTR.
3. Future Announcements: Bitget will announce the specific delivery time for HMSTR, completing the delivery process​.

Objectives and Implications for Users

By launching HMSTRBG, Bitget aims to provide its users with an edge in the evolving GameFi landscape. This initiative allows investors to participate in the market before the token becomes widely available, potentially securing favorable pricing and positioning.

The Hamster Kombat game, which backs HMSTR, is a popular multiplayer clicker game on Telegram with over 60 million players. The game allows players to earn in-game coins, which can be converted into HMSTR tokens, thus bridging virtual achievements with real-world value.

About Bidget

Bitget has become one of the top 10 crypto spot trading platforms, offering over 900 coins and more than 1000 trading pairs. It also remains a leader in the crypto derivatives market, with its Open Interest (OI) surpassing $6 billion on May 4, capturing a significant 25% share of the total market. In the past month, Bitget recorded the highest monthly inflow among all centralized exchanges, with $975.4 million in new capital, further solidifying its position as an industry leader.

Since its launch in April 2024, Bitget’s Pre-market has provided users with early access to various projects, including EigenLayer (EIGEN), Merlin Chain (MERL), Renzo (REZ), BounceBit (BB), Meson Network (MSN), Zerolend (ZERO), Notcoin (NOT), ZeroLayer (ZRO), ZkSync (ZKSYNC), and most recently, Hamster Combat (HMSTR).