To provide you with a better trading experience, MEXC has completed an upgrade to the pre-market order matching rules. The updated rules are now live.
What's New
• Order matching now follows price priority
• Trades may settle at a better price than the order price
Previously, orders were matched only when both price and quantity were exactly the same. Now, orders are matched based on price priority. If a counterparty has an order at a better price, the trade will be settled at that better price. As a result, the fill price may differ from the order price.
Please note that this update applies only to new pre-market products. Historical undelivered products continue to follow the previous matching rules.
What This Means for Buyers
• When placing an order, collateral and trading fees (if applicable) are frozen
• Once the order is matched, the buyer only needs to wait for the settlement time
If settlement is successful
• The buyer receives the corresponding amount of tokens
• Collateral and trading fees are deducted at settlement
If settlement fails
• The buyer's collateral is unfrozen
• The buyer receives the seller's collateral as compensation (calculated as seller's order price × quantity × collateral rate)
• Trading fees are deducted
Important Note: In cases where the buyer is the maker and the execution price is better than the buyer's listed price, the seller's collateral is still calculated based on the seller's order price. As a result, the buyer's compensation may be lower than the buyer's own collateral.
What This Means for Sellers
• When placing an order, collateral and trading fees (if applicable) are frozen
• During the settlement period, sellers must ensure their Spot account holds sufficient tokens to fulfill the delivery obligation
If settlement is successful
• Tokens are transferred to the buyer
• The seller receives payment in their Spot account
• Collateral is unfrozen
• Trading fees are deducted
If settlement fails
• The seller's collateral is fully forfeited
• No additional fee is currently charged by MEXC during the forfeiture process and the full amount of the seller's collateral is provided to the buyer as compensation
• Trading fees are still charged (MEXC will only refund trading fees if the order is not matched or if the project listing is canceled)
Additional Notes on Pre-Market Trading Fees
• Currently, MEXC does not charge pre-market trading fees. The fee handling rules described above outline the standard settlement logic.
Users participating in pre-market trading are advised to review these changes carefully before placing orders.
We thank you for your understanding and continued support. If you have any questions, please contact our 24/7 Customer Service team.
