Binance launches SPCXUSDT pre-IPO perp for SpaceX with 5x leverage and USDT settlement
Binance •
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Promote with Leviathan NewsBinance is launching SPCXUSDT, a USDT-settled pre-IPO perpetual tied to Space Exploration Technologies Corp., at 04:45 UTC on May 21, 2026. The contract trades 24/7 with 5x max leverage, 0.01 SPCX minimum size, $5 minimum notional, Multi-Assets Mode support, and 0.005% funding per eight-hour interval during the pre-IPO phase. This is synthetic SpaceX exposure, not shares: Binance says the perp can transition after an official IPO listing if a stable price index exists, while failed IPO risk can still trigger removal.
TLDR by @Benthic
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