Hamster Kombat hype continued with a unique feature from OKX.
The Hamster Kombat (HMSTR) hype continues as OKX introduces its new pre-market futures platform. The first addition to Pre-Market Futures will be the Hamster Kombat token.
OKX looks to profit from the interest of yet-to-be-launched coins, notably the HMSTR token. OKX customers will be able to trade futures contracts for upcoming tokens prior to a Token Generation Event, public sale, or Initial Coin/Exchange Offering.
Hamster Kombat, a popular game on Telegram, has not seen the official launch of its token and is not yet available for trading. The debut is of OKX’s pre-market futures platform, which enables trading derivatives of unlisted assets.
The HMSTR token’s early entry into this market allows traders to capitalize on the initial market interest. This move supports OKX’s aim to offer a more advanced trading experience compared to traditional peer-to-peer models.
Pre-market futures
OKX’s Pre-Market Futures product offers up to 2x leverage and is designed to enhance liquidity and reduce fees.
The platform allows customers to trade without needing to own the actual asset, aiming to deliver better liquidity and reduced fees compared to current P2P pre-market options.
Lennix Lai, OKX’s Global Chief Commercial Officer, said, “Our unique approach to assisting in the price discovery process for early-stage tokens is backed by our robust risk engine and extensive experience. By opening up new avenues to participate in crypto, we aim to make trading more accessible, efficient, and appealing.”
While the platform offers numerous advantages, OKX emphasizes the risks involved, including lower liquidity and higher price volatility. The exchange retains discretion over listing adjustments and contract terms.
