The Market Square is located in the old suburb of La Boatella. Jaime I granted a privilege in 1261 for a permanent market to be installed here.

The square was used to organize jousts and shows like those carried out by Alfonso the Magnanimous. It was also the place of executions since the beginning of the 15th century (the gallows was located here). It also served, from 1400 to 1859, to celebrate bullfights.