Binance Launches Pre-IPO Futures Product Tied to SpaceX IPO
Cointelegraph
Binance has introduced perpetual futures contracts allowing users to speculate on the valuation of companies like SpaceX before they go public.Summary
Binance has launched a new pre-IPO perpetual futures product, beginning with a SpaceX-linked contract settled in USDT. These derivatives allow traders to speculate on a company's expected market valuation before and after its public debut, without granting ownership of actual shares. The contracts are designed to track IPO pricing indicators and may transition to standard perpetual futures once shares begin trading on public markets.
(Source：Cointelegraph)