KEY TAKEAWAYS
- KuCoin launches Linea (LINEA) in its Pre-Market Trading segment, allowing early trading before its official Spot market release.
- Linea enhances Ethereum’s scalability and cost-efficiency, supporting EVM-compatible applications.
- Participants in LINEA’s Pre-Market Trading must adhere to strict guidelines, including non-cancellation of matched orders and potential delivery delays.
- KuCoin imposes a 5% fee on sellers’ collateral for delivery failures, emphasizing the importance of timely settlements.
KuCoin has announced the launch of Linea (LINEA) in its Pre-Market Trading segment, allowing users to trade LINEA ahead of its official release on the Spot market. This initiative provides traders with an opportunity to engage with the token before it becomes widely available.
The Pre-Market Trading for LINEA is scheduled to commence at 8:00 UTC on September 2, 2025. Interested participants can access the pre-market trading through the provided link. The delivery time for the tokens will be announced shortly.
Understanding Linea’s Role in the Ethereum Ecosystem
Linea is designed to enhance the Ethereum experience by offering scalability and cost-efficiency. Its compatibility with the Ethereum Virtual Machine (EVM) allows for the deployment of existing applications and the creation of new ones that might be too expensive on the Ethereum Mainnet. This network aims to provide users with faster and more affordable access to decentralized applications (dapps).
Key Considerations for Pre-Market Trading
KuCoin has outlined several important considerations for participants in the Pre-Market Trading of LINEA. Effective April 1, 2025, the cancellation of matched orders will not be allowed, although unmatched orders can still be canceled. Once a buy order is successfully filled, the trade is considered matched, and token delivery depends on the seller’s settlement action within the permitted timeframe.
Participants are advised to closely monitor the delivery schedule updates to ensure a smooth trading experience. Failure to adhere to the schedule may result in the forfeiture of collateral. Additionally, a 5% fee will be imposed on the seller’s collateral if they fail to deliver at the settlement time, with the remaining 95% compensated to the buyer.
KuCoin has emphasized that by participating in Pre-Market Trading, buyers acknowledge the risks associated with potential delivery delays. The platform does not guarantee immediate delivery, and the timing of settlement is at the seller’s discretion. Buyers should be prepared for possible delays and understand that KuCoin is not liable for any financial impact arising from such delays.
For more details on the launch and trading guidelines, KuCoin’s official announcement can be found here.
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