XT Exchange has initiated pre-market trading for CHIP and KAT tokens, enabling early trading and price discovery through its pre-market OTC mechanism. This allows users to engage in peer-to-peer trades before the tokens' official listing on the spot market. CHIP is linked to USDAI, a decentralized synthetic dollar protocol, while KAT is integral to the Ronin ecosystem's DeFi network, Katana. The pre-market OTC system includes peer-to-peer order matching with a margin system, offering performance guarantees and risk control measures.