Bybit, a leading crypto exchange, has announced the listing of Hamster Kombat's (HMSTR) token for pre-market trading on its over-the-counter (OTC) platform, Bybit Pre-Market Trading.
The pre-market platform allows trading tokens ahead of their spot listing, enabling participants to set quotes and complete trades at predetermined prices.
This listing signifies an essential step in Bybit's support for emerging projects on The Open Network (TON).
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Trading of the HMSTR token on Bybit's pre-market platform started at 10 AM UTC on July 8. The delivery schedule details have yet to be released.
Bybit stated:
This exclusive access allows users to secure HMSTR tokens ahead of the market and to lock in their purchase/sale prices early, marking an innovative advancement in our trading offerings.
Currently, the last traded pre-market price of HMSTR on Bybit is 0.176 USDT, with the highest bid being 350 USDT. Bybit noted that while pre-market trading may reflect market expectations, the official listing price could be influenced by various factors.
It is worth noting that both the pre-market price and the official listing price are ultimately determined by the market and there is not necessarily a direct correlation between the two.
The date for the start of spot trading for HMSTR remains unknown.
Hamster Kombat, a tap-to-earn game on Telegram where players manage a virtual crypto exchange as CEOs, has been highly popular since its launch in March 2024. The game's creators claim it is the third-fastest app to reach 150 million users.
Bybit's pre-market listing of HMSTR is a notable development for both the exchange and the Hamster Kombat game, offering early access and potentially shaping the token's future market performance.
In other news, rumors have emerged that the upcoming Grand Theft Auto 6 video game might integrate cryptocurrencies.
