Binance Launches SpaceX Pre-IPO Perps Amid $2 Trillion Valuation Bets
The first contract tracks SpaceX and is margined in tether, giving retail traders early exposure to private-company valuations before public listings.
- On Thursday, Binance launched perpetual futures contracts allowing users to trade Space Exploration Technologies Corp valuation ahead of its initial public offering.
- Designed to provide retail traders early exposure to IPOs, the contracts reflect valuation signals after SpaceX filed its S-1 registration statement with the Securities and Exchange Commission on Wednesday.
- The SPCXUSDT Pre-IPO Perpetual contract launched May 18 with a $150 reference price, generating $33 million in trading volume on the first day alone.
- Deepwater Asset Management's Gene Munster noted the SpaceX filing "sucked the air out of the NVDA quarter," while traders price in a 70% chance the IPO valuation exceeds $2 trillion.
- While SpaceX offers a compelling 10-year growth story, Binance warned that pre-IPO contracts carry high risks and may be delisted if the IPO process is delayed or canceled.
19 Articles
19 Articles
Binance enables retail users to trade pre-IPO pricing expectations with new perpetual contracts
Binance's move democratizes access to pre-IPO speculation, potentially increasing market participation but also amplifying volatility risks. The post Binance enables retail users to trade pre-IPO pricing expectations with new perpetual contracts appeared first on Crypto Briefing.
Binance joins Hyperliquid, OKX, and Bitget as SpaceX pre-IPO markets heat up
The post Binance joins Hyperliquid, OKX, and Bitget as SpaceX pre-IPO markets heat up appeared on BitcoinEthereumNews.com. Binance has launched what it calls the SPCXUSDT Pre-IPO perpetual futures contract hours after SpaceX announced listing on Nasdaq. Currently, expectations of its debut lie between $1.75 to $2 trillion. Binance contracts are using USDT margin and allowing leverage up to 5x. As the product is synthetic, which means no real own…
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