Binance has launched a new perpetual futures product that allows users to trade private companies before they go public, starting with SpaceX.
Binance said the first listing under the offering is the SPCXUSDT Pre-IPO Perpetual contract, which is linked to the anticipated public market valuation of SpaceX. The contracts will be margined and settled in USDT Binance said that the contracts are designed to give users exposure to market expectations ahead of a company’s initial public offering. The exchange said additional pre-initial public offering (IPO) perpetual contracts will be introduced over time. The contracts will