Pre-Market Trading FAQ
<div data-page-id="CWSKdUbW1oPn16xSjLMu0gF5szd" data-lark-html-role="root" data-docx-has-block-data="true"><h2 class="heading-2 ace-line old-record-id-doxusTrQLv9mXhjcjgJJOPK6tbb"><span style="font-family: arial, helvetica, sans-serif;"><strong>1. What Is Pre-Market Trading?</strong></span></h2><div class="ace-line ace-line old-record-id-doxus9J8bug2xtWkcaVUVKJCElf"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RHtrdonqyoPp0yxwefxuLN73spd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Pre-market trading is an over-the-counter (OTC) service provided by MEXC. It allows traders to buy and sell new tokens before they are officially listed on the exchange.</span></div><div class="ace-line ace-line old-record-id-UOoCdxJgvowjFKx7q9SuROxVsvb"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">In pre-market trading, buyers and sellers can set their own prices and match orders directly, giving users the flexibility to trade at their preferred prices. By participating in MEXC pre-market trading, users can gain early market exposure ahead of a token's public listing.</span></div><div class="ace-line ace-line old-record-id-SoXKdZjV7os7NwxX69Wu6qpisXe"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">To ensure a smooth experience, users are advised to familiarize themselves with the trading process and requirements in advance.</span></div><div class="ace-line ace-line old-record-id-doxusWM6arF11foD4gJcgjgLSQR"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-doxusgY9igzhsgDu89pHbjvCCdw"><span style="font-family: arial, helvetica, sans-serif;"><strong>2. What Are the Benefits of Pre-Market Trading?</strong></span></h2><div class="ace-line ace-line old-record-id-doxusVWZV3DKtAfiYDEi16v7Bge"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Nyx0d6eOUoFHHsx7wenulOlUsxd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Pre-market trading allows investors to access new tokens before official market launch, offering the opportunity to secure popular tokens under potentially more favorable conditions. Compared with trading after listing, this can provide an early positioning advantage based on market expectations.</span></div><div class="ace-line ace-line old-record-id-TbsIdbOOlo7eFlxTWNcujxhss2c"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-TwT2dN6suoXzRbxf4PiuM62gsbh"><span style="font-family: arial, helvetica, sans-serif;"><strong>3. What do Settlement Time, Collateral Rate, and Fees Mean in Pre-Market Trading?</strong></span></h2><div class="ace-line ace-line old-record-id-ELN1dioDsosl62xK8dguPvRLsye"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div><table class="ace-table" data-ace-table-col-widths="247;537" style="border:none;border-collapse:collapse;table-layout:fixed;width:500px;"><colgroup><col width="247"><col width="537"></colgroup><tbody><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-EqiKdP24Jowo2gxLiNmuhYFRs7g"><strong style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Settlement Time</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div class="ace-line ace-line old-record-id-B7XYdC0reoQZcix2jn2u20xKs5i"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">The seller will transfer the full amount of tokens agreed upon in the Pre-Market Trading to the buyer at the specified settlement time. Please refer to the token information section on the Pre-Market Trading page for more details.</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-YLv1dsIYHoJBPlx7sxRuO3s7s5d"><strong style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Collateral Rate</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div class="ace-line ace-line old-record-id-WCX4dR6CRoKgNpxNNX7u5l1esEd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">The collateral rate represents the percentage of the order value that must be held as collateral. Failure to complete the settlement within the specified time may result in the loss of collateral. For specific collateral rates, please refer to the token information section on the MEXC Pre-Market Trading page.</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-W1iFdSXWroPzwwxyLhjukLNgsQc"><strong style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Fee Rate</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div class="ace-line ace-line old-record-id-PomkdVM9robhEuxAwoTupEipswc"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">The fee rate is a specified percentage based on the transaction value and varies depending on the tokens being traded. For specific fee rates, please refer to the token information section on the Pre-Market Trading page.</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-QBOpdVug1ot7OAxoXSWu1Z5vs1b"><strong style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Pre-Market Trading Frozen Amount</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="white-space:pre;" class="ace-line ace-line old-record-id-CpV8dQxiyo3BsoxWemOuwvPHsNN"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Buyer Frozen Amount = Order Value
Seller Frozen Amount = Order Value x Collateral Rate (Z%)
For example, if Z = 100%, then the frozen amount for buying or selling 1,000 USDT in pre-market trading would be 1,000 USDT x 100%, equaling 1,000 USDT.</span></div></td></tr><tr style="height:39px;"><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div style="text-align:center" class="ace-line ace-line old-record-id-ZT1cd1s2XoTmbuxVKZLuQqqCsGf"><strong style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Overdue Settlement Fee</strong></div></td><td colspan="1" rowspan="1" style="border: 1px solid rgb(222, 224, 227); padding: 8px; vertical-align: middle; font-size: 10pt;"><div class="ace-line ace-line old-record-id-QQbqdPwr3o62cLxd9ouuT1Acsjh"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">If the seller fails to complete the settlement within the specified time, the platform will deduct a portion of the seller's collateral as a fee, with the remainder given to the buyer as compensation. Currently, MEXC does not charge any fees; all collateral is compensated to the buyer.</span></div></td></tr></tbody></table></div><div class="ace-line ace-line old-record-id-Gd8SdCys4oJlJrxGQEsuLpDIsLd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-doxusFhI6d3MHSAEcZPmt1jIZCh"><span style="font-family: arial, helvetica, sans-serif;"><strong>4. How Does Settlement Work?</strong></span></h2><div class="ace-line ace-line old-record-id-doxusRI3bGMf3mLpUBYdW77e32g"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div style="white-space:pre;" class="ace-line ace-line old-record-id-XjdLdZZbMomXHhx8hR6uzOrJsGd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>For Sellers:</strong>
During the settlement period, sellers must ensure their Spot account holds a sufficient amount of tokens to fulfill the delivery obligation. Once settlement begins, the tokens will be securely transferred to the buyer's account to complete delivery.</span></div><div class="ace-line ace-line old-record-id-XoKGdKczToTT0oxmfsUusBNOs1t"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div style="white-space:pre;" class="ace-line ace-line old-record-id-SDsedfmUDoXXiexLrz4u4bPtsEd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>For Buyers:</strong>
After an order is matched, buyers only need to wait for the settlement date.</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-OxMJdYxSjosxGWxia1fud6TRsOe" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">If the seller completes delivery, the buyer will receive the corresponding amount of tokens.</span></div></li><li class="ace-line ace-line old-record-id-EhXDdavZmoogjVxgqsOuISElsPB" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">If the seller fails to deliver, the buyer will receive compensation from the seller's collateral.</span></div></li></ul><div class="ace-line ace-line old-record-id-OaLhd9KfdoGyfDx2KqCutrAqsMb"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Compensation is calculated as: <strong>Matched order percentage</strong><strong> × seller's collateral amount</strong></span></div><div class="ace-line ace-line old-record-id-AwV4deVPoosdwFx2giNu0P83sXc"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-U9JSdBUfao8UDbxTKlquUcKDsEd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>Please note: </strong>If a "sell low, buy high" scenario occurs and the buyer is the <strong>maker</strong>, the seller's collateral is still calculated based on the seller's order price × quantity × collateral rate. As a result, the compensation received by the buyer may be lower than the buyer's own collateral.</span></div><div class="ace-line ace-line old-record-id-doxuswUGkAcCgXhNEz7UNXCMUlg"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-X52qdbjFDo3RjoxzjZEu40EVswg"><span style="font-family: arial, helvetica, sans-serif;"><strong>5. How to Trade as a Seller in MEXC Pre-Market</strong></span></h2><div class="ace-line ace-line old-record-id-FEP5d3uaSoMZXGxrmWPuIywPsQh"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-CrXRd0Bxfo7CN1xzFiZuOV95syc"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>Create an Order: </strong>Select the token you want to sell and enter the quantity and price to place a sell order.</span></div><div class="ace-line ace-line old-record-id-ZPDCden7ioonP9xinzCuKOFpsDd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>Order Matching: </strong>Wait for a counterparty to match your order. Once matched, prepare the required tokens before settlement.</span></div><div class="ace-line ace-line old-record-id-G1G8dLcbnoH2b9xWZoZu2ctzsUe"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>Settlement: </strong>Ensure your Spot account holds enough tokens at settlement time. Failure to deliver will result in forfeiture of collateral.</span></div><div class="ace-line ace-line old-record-id-doxusAWmfzUaN02Xy7gU02bGvNh"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-doxusCGoLkNkNSgzjf1J8feobUb"><span style="font-family: arial, helvetica, sans-serif;"><strong>6. How to Trade as a Buyer in MEXC Pre-Market</strong></span></h2><div class="ace-line ace-line old-record-id-doxus27nLh16kLsijsmbleJVKNd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-doxusuYafLolmgL7S2t7Uq40Ure"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>Create an Order: </strong>Select the token you want to buy and enter the quantity and price to place a buy order.</span></div><div class="ace-line ace-line old-record-id-doxuskySEjyTw7xcNPS2SE6dKnb"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-doxusyjVVi4wigyNBEqyoPlRm4g"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>Order Matching: </strong>Once your order is matched, simply wait for the settlement date. If your order is matched as a taker and the counterparty's price is lower than your order price, part of your collateral will be unfrozen proportionally to the price difference.</span></div><div class="ace-line ace-line old-record-id-XMKFdHKpXoIthIxd4B8urwdys1d"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DByDdxVH4oUg0gxMDcZurlcOsog"><strong style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Settlement:</strong></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-BrpIdAwzhoGkx2xFkIpuF60lsib" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">If settlement is successful, you will receive the tokens from the counterparty.</span></div></li><li class="ace-line ace-line old-record-id-B7Wxdn9EkoJ2apxsYaju69U6sUd" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">If settlement fails, the platform will refund your order amount and provide compensation based on the seller's collateral.</span></div></li></ul><div class="ace-line ace-line old-record-id-PPOtdTZW0oO3TfxfktXu6Najsxd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div style="white-space:pre;" class="ace-line ace-line old-record-id-ZNghdvFjcoaxDyx6pkbutNwBs4n"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Compensation is calculated as:
<strong>Matched order percentage × seller's collateral amount</strong></span></div><div class="ace-line ace-line old-record-id-Zt64dKgHjoS5mVxGSk3uuG1Ws2c"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-RYnMdDD0toEgL8xGFMeuTc7iszb"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Please note: In "sell low, buy high" cases where the buyer is the maker, the seller's collateral is calculated using the seller's order price × quantity × collateral rate. As a result, compensation may be lower than the buyer's own collateral.</span></div><div class="ace-line ace-line old-record-id-doxus83MQYr3MNA1pVQ0R5dA09e"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-doxusKhGNnChGdiGCI5JNTp2Ppt"><span style="font-family: arial, helvetica, sans-serif;"><strong>7. How Are Trading Fees Calculated?</strong></span></h2><div class="ace-line ace-line old-record-id-doxussc6CotHtJS10BW1ZUD0Jrg"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-QU0WdmbueovJMHxzRsLufj5hs8g" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>Seller fees</strong> are calculated based on the collateral amount and the applicable fee rate.</span></div></li><li class="ace-line ace-line old-record-id-KgIEdXOPIo2Z1dx7MTwuuaXOsGh" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>Buyer fees</strong> are calculated based on the order amount and the applicable fee rate.</span></div></li></ul><div class="ace-line ace-line old-record-id-XFwvdjFVGoFaewx9Q24unpOZsvb"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Trading fees, if applicable, will follow the rules described above. Specific collateral rates and fee rates can be found in the token information section of the MEXC pre-market trading page. </span></div><div class="ace-line ace-line old-record-id-doxusHM73IEhej1okIg76zGvl2F"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-doxus0mkyVZgDNKw0BxAadmvcUf"><span style="font-family: arial, helvetica, sans-serif;"><strong>8. Are Trading Fees Charged If Settlement Fails?</strong></span></h2><div class="ace-line ace-line old-record-id-doxust6bKJ5iJjeRvinwARsMORb"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-doxusV9RrGLwqZFVAxFU8IDQiog"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Yes. Trading fees are still charged. Fees are refunded <strong>only if the order is not matched</strong> or if the <strong>token listing is canceled</strong>.</span></div><div class="ace-line ace-line old-record-id-doxusm2BQ6G2vNjZSQCDrPa9qeb"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-doxus2xz0s6RcsiCiEUnMZUelbb"><span style="font-family: arial, helvetica, sans-serif;"><strong>9. Can Orders Be Canceled After Matching?</strong></span></h2><div class="ace-line ace-line old-record-id-doxusXwzF0h08D5xdWxsJjtrFfb"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-doxus6DQNzlPUrII0u4KtOAjubg"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Fully matched orders <strong>cannot be canceled</strong>. Partially matched orders <strong>may be canceled</strong> for the unmatched portion.</span></div><div class="ace-line ace-line old-record-id-doxusYNkufWIOSHv7ugl0ZLAT4f"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-doxusvwPc9S15wcpXxK3pv4Xiog"><span style="font-family: arial, helvetica, sans-serif;"><strong>10. How Is the Collateral Rate Determined?</strong></span></h2><div class="ace-line ace-line old-record-id-doxusx8MGhn4NdXT7r7l5IhSU7c"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-CtUld2iBZoevYyxU6LmubeWrsNd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Collateral rates are determined based on multiple factors, including token risk profile and market conditions. For specific collateral rates, please refer to the token details on the MEXC pre-market trading page.</span></div><div class="ace-line ace-line old-record-id-doxus5oFOj8BanNNV7nb29eBWTh"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-MkPSdFBfio5UoExT8PfuTN4ss1f"><span style="font-family: arial, helvetica, sans-serif;"><strong>11. What Are the Risks of Pre-Market Trading?</strong></span></h2><div class="ace-line ace-line old-record-id-doxusobVrYcAYWxaKAL1OrocFHA"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-CCtIdIJtKopwgTxkJt9uUNHBsHf"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>For sellers:</strong> Failure to deliver tokens in full and on time will result in loss of collateral.</span></div><div class="ace-line ace-line old-record-id-InFLdj6dMoNlTaxbzt4uWKvcsyg"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>For buyers:</strong> If the seller fails to deliver, the buyer will receive compensation but will not receive the tokens.</span></div><div class="ace-line ace-line old-record-id-XbVSdmkRNoCfN3x0nKwuzJyXsyk"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-doxusNm11KRiIf2QQU1LP1V7Awf"><span style="font-family: arial, helvetica, sans-serif;"><strong>12. Does Pre-Market Trading Affect the Token's Listing Price on MEXC?</strong></span></h2><div class="ace-line ace-line old-record-id-doxusZMTO8M97O7sYwMtQWmX7yf"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-BNB7dtMAzoMBvFx4Fulu37EJsld"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Pre-market prices are determined by buyer and seller behavior and may not reflect the token's official listing price. While pre-market prices may indicate market expectations, the actual listing price can be influenced by other factors and is not directly correlated.</span></div><div class="ace-line ace-line old-record-id-EZvMdHeWuo8jZsxirLNubzNisNd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-doxusWzJ4Rnuc5PhES1BoLZNt42"><span style="font-family: arial, helvetica, sans-serif;"><strong>13. What Happens If a Token Is Delayed or Canceled for Listing?</strong></span></h2><div class="ace-line ace-line old-record-id-doxus54VXLM13BGSK9tHJ62hdNc"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-PFDndPaC5oOxzOxOnj9u25Dlsfh" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">If listing is delayed, matched orders remain valid and a new settlement time will be announced.</span></div></li><li class="ace-line ace-line old-record-id-PV3XdceR1oNfhNx5Lwxu3ZX8sjk" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">If listing is canceled, matched orders will be fully refunded and unmatched orders will be canceled.</span></div></li></ul><div class="ace-line ace-line old-record-id-doxusF7DbeLChyDY6L50REo4tIg"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-doxuso0ZP267tqKlKe5boOzL4bN"><span style="font-family: arial, helvetica, sans-serif;"><strong>14. Why Was My Order Canceled or Terminated?</strong></span></h2><div class="ace-line ace-line old-record-id-doxusV8yaBVgbvsc8OmiEEhuMjc"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-KVUpdSdXJoBDvKxoyzEuRmJHsnh"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">If either party engages in improper trading behavior or triggers platform risk controls, the system may take the following actions:</span></div><ul start="1" class="list-bullet1"><li class="ace-line ace-line old-record-id-U7ICddGzSozWEKxo6cAu2NXisWb" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">If the order is not matched, it will be canceled.</span></div></li><li class="ace-line ace-line old-record-id-TDBWdfkUSo10RJxzuVXu79oIsgk" data-list="bullet"><div><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">If the order has entered the settlement phase, it will be terminated.</span></div></li></ul><div class="ace-line ace-line old-record-id-A8fkdZ8VRowPfkx2IOluRbaCsMc"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">If the token is still in the settlement phase, users may place a new order to trade with other participants.</span></div><div class="ace-line ace-line old-record-id-Sm6fdGXSlozUBOxSVpzuFDpYsN2"><span style="font-family: arial, helvetica, sans-serif;"><br></span></div></div>
Pre-Market Trading Guide
<div data-page-id="ByyMdzEtJoFcc6xPXwou9rsEsWh" data-lark-html-role="root" data-docx-has-block-data="false"><h2 class="heading-2 ace-line old-record-id-E4K1dB92ooqSnkxgcTsu9CFMsae"><span style="font-family: arial, helvetica, sans-serif;"><strong>1. How to Conduct Pre-Market Trading?</strong></span></h2><div class="ace-line ace-line old-record-id-SkkXd34vXoAhkpx1KRKu4rivsDd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-Ot0XdNcgbo2GLtxQSPiucGz4syf"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">1.1 As a Buyer</span></h3><div class="ace-line ace-line old-record-id-APiKd1GMeomYIQxqhhCu2wUqsvd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-DhWHd6px2oosD9xms1mu0zS8sje"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>Create an Order:</strong> Select the token you wish to purchase, enter the order quantity and price, then submit your buy order.</span></div><div class="ace-line ace-line old-record-id-FMoYdqv7WoYqRRxdbAduklk8shg"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ANl9dEAKCoiSNPxu6eZuoKCAszf"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>Order Matching:</strong> Wait for your order to be matched with a counterparty as a taker order. Once matched, wait until the delivery time to receive your tokens. If your order is executed as a Taker and the counterparty's price is lower than your order price, a portion of your collateral will be unfrozen in proportion to the price difference.</span></div><div class="ace-line ace-line old-record-id-PkrpdbRpXoElncx1h5iuylqeshe"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-LFtadrFlYo3vrOxfZnbuD46wscd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>Order Settlement:</strong> During settlement, you will receive tokens from your counterparty. If they fail to deliver, the platform will refund your full order amount and provide compensation from the counterparty's collateral based on their filled order percentage. If the buyer places a Maker order at an unfavorable price (sell low or buy high), the compensation is calculated based on the seller's original price. This means buyers may receive compensation that is lower than their own collateral in this scenario.</span></div><div class="ace-line ace-line old-record-id-HJw2dpa5Xo0AN2xprZ5uJUgKsdd"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-H8NZdtHgloBGXMx522EuozLHsGc"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">1.2 As a Seller</span></h3><div class="ace-line ace-line old-record-id-AqAfdatMGogMWQxUdwLuDYDqsNf"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Zu53d3cqAoFhDQxevheuX62ysMf"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>Create an Order:</strong> Select the token you wish to sell, enter the order quantity and price, then submit your sell order.</span></div><div class="ace-line ace-line old-record-id-IhTddKga2ox5NCxZ7LDuDznWsUs"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>Order Matching:</strong> Wait for your order to be matched with a counterparty. Once matched, ensure you have the corresponding tokens ready before the settlement time.</span></div><div class="ace-line ace-line old-record-id-SlVcdMf8Uo2iOQxQeJ2uDJFEsig"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong>Order Settlement:</strong> Make sure your Spot account has sufficient tokens to complete delivery when the delivery time arrives. Otherwise, your collateral will be forfeited.</span></div><div class="ace-line ace-line old-record-id-ESGqdu21qo6QCvxUkc2uBhfIstc"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h2 class="heading-2 ace-line old-record-id-DW35dzzGroWcWZxiGgauBxVUske"><span style="font-family: arial, helvetica, sans-serif;"><strong>2. How to Complete Settlement</strong></span></h2><div class="ace-line ace-line old-record-id-ArYRdolfToeg19xq3Dwuw97Lssh"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-GpbddQHFNoXejaxIQe3uheu7s3x"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">2.1 As a Buyer</span></h3><div class="ace-line ace-line old-record-id-LR1AdI0rzoTZpYxXcfkuQUARs6e"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-ToIXd6hrtodanNxtLIquVkClsKh"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">When placing an order, the buyer's collateral and fees are frozen. After the order is filled, wait for the settlement time.</span></div><div class="ace-line ace-line old-record-id-RvlSdp8vzocpx0xjWWFub0tvsKm"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-WEl9dQpVToMaI5xW4HOu8JVkso6"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">If the seller fulfills their obligation, the buyer receives the corresponding amount of tokens, with collateral and fees deducted during settlement.</span></div><div class="ace-line ace-line old-record-id-ZvVYdFCH7oDdtKxpoXcuV5BtsRS"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-Rr01dLEAZoUv3oxwbBHuUM6nsGb"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">If the seller defaults, the buyer's collateral is unfrozen, and the buyer receives the seller's collateral as compensation. This is calculated as the seller's order price multiplied by quantity and collateral rate, while trading fees are still deducted.</span></div><div class="ace-line ace-line old-record-id-DL2qd7o3Cox1Szx77V1uIZN4sGf"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><h3 class="heading-3 ace-line old-record-id-SqY8dI1CMo4XDbxwxrVuXUaQsSf"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">2.2 As a Seller</span></h3><div class="ace-line ace-line old-record-id-PUnKdznt4oHdizxL8u5udRo7szA"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-MlCBdEBegoIzyMxIJdAu4rJEsSf"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">When placing an order, the seller's collateral and fees are frozen. During the settlement period, ensure your Spot account holds the sufficient token amount to fulfill your delivery obligation.</span></div><div class="ace-line ace-line old-record-id-NxNldqZkaoWa5axvLlSuEb6Tslg"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-N2T9d12NAoaDu6x0vvhuQTXwspe"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Upon successful token settlement, the seller's tokens are transferred to the buyer's account, and the seller receives payment in their Spot account. The collateral is unfrozen and returned, with trading fees deducted.</span></div><div class="ace-line ace-line old-record-id-Al8hdeYZFoh1ByxumMIue9w2swc"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-VsJxd9XPEo6MhQxEdzvuVsdVs9b"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">If token delivery fails, all of the seller's collateral is forfeited. A portion may be collected by the platform as a service fee, with the remainder given to the counterparty as compensation. Currently, MEXC does not charge any fees, and the entire collateral goes to the buyer as compensation.</span></div><div class="ace-line ace-line old-record-id-UVRadlbwToRLk8xEyZQua7SDsxP"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><br></span></div><div class="ace-line ace-line old-record-id-M53LdV39noF8yUx9f9fuWZsesUe"><span style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Trading fees are still charged even in cases of failed delivery. MEXC only refunds fees when orders remain unfilled or when a project's listing is canceled.</span></div></div>