Binance Debuts SpaceX Pre-IPO Perp As Traders Expect $2 Trillion Valuation
Tech Binance Debuts SpaceX Pre-IPO Perp As Traders Expect $2 Trillion Valuation Binance has launched a new product that enables traders to make predictions about the price of private companies before they go public. The first “Pre-IPO Perpetual Contract” on the exchange is associated with the Elon Musks rocket and satellite company, SpaceX. Binance Futures Introduces SpaceX Pre-IPO Perpetual Contract The new perpetual contract of SPCXUSDT will be settled in Tether on Binance. It allows those who wish to trade with the anticipated market price of SpaceX before it goes public. Generally, such pre-IPO options are available to institutional entities and VCs. However, Binance aims to bring these offerings to retail crypto traders. Shunyet Jan, the Head of Spot and Derivatives Business at Binance, remarked on the launch. He said, “Pre-IPO perpetual futures is another example of how Binance is democratizing access to market opportunities by combining crypto-native infrastructure with major financial events. As interest in public listings continues to grow, were giving users a more flexible way to engage with anticipated IPOs earlier.” Moreover, he noted that the launch is part of Binances mission to become a “financial super app.” It will help to reach retail participants to investment opportunities that were not available before, he









