Cryptocurrency exchange Binance has announced that it has launched a spot pre-market trading service, allowing users to enter the market in advance of the official launch of the tokens. Unlike its competitors, Binance offers pre-market trading of "actual tokens" rather than derivatives, through which it is understood that tokens will be specifically allocated and generated for users to hold and trade before the Binance platform goes public, according to a Binance spokesperson. In addition, Binance's competitor Bybit also offers pre-market spot trading services, but appears to be using derivatives rather than actual tokens.