(SeaPRwire) –   Built to open access beyond traditional private market participants, Pre-IPO Perpetual Contracts let users trade expected valuations ahead of public company listings

ABU DHABI, UAE, May 21, 2026 — Binance announced today the launch of perpetual futures contracts built to give users early market exposure to high-profile private companies ahead of their initial public offerings (IPOs). The new product lets users take positions on shares before they start trading on public exchanges, unlocking access to one of the most closely watched events in global markets.

The first Pre-IPO Perpetual Contract to go live on Binance Futures will be SPCXUSDT Pre-IPO Perpetual, pegged to the projected public market valuation of Space Exploration Technologies Corp (“SpaceX”). More Pre-IPO perpetual listings will be rolled out over time.

The launch also aligns with Binance’s broader vision of building a financial super app that gives users seamless access to a wider range of financial opportunities through crypto-native infrastructure. By expanding beyond traditional digital asset use cases and connecting users to major market moments, Binance continues evolving its platform into a more comprehensive gateway for global finance.

“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 keeps growing, we’re giving users a more flexible way to engage with anticipated IPOs earlier,” commented Shunyet Jan, Head of Spot and Derivatives Business at Binance. “This launch reflects our vision for Binance as a financial super app — one that delivers access to an expanding range of financial opportunities that have traditionally been harder to reach.”

Historically, pre-IPO price discovery has been largely restricted to institutional investors and private market participants. Binance’s newest offering democratizes this access by letting a global base of eligible users engage with market expectations ahead of a company’s public debut. By leveraging crypto-native infrastructure, Binance helps lower many of the traditional barriers linked to pre-IPO participation.

Built on the perpetual futures framework familiar to digital asset traders, the contracts are designed to deliver continuous pricing, trading flexibility, and deep liquidity. Instead of waiting for a stock’s public debut, users can trade on expectations before final IPO pricing and beyond, turning a single market event into an active, real-time trading opportunity shaped by shifting market sentiment.

How Pre-IPO Perpetuals work: Ahead of an IPO, the contracts are expected to track publicly available pricing signals, including announced price ranges and final offering prices. Once the underlying company starts trading on public markets, the contracts will shift to reflect live market performance. If an IPO is postponed or canceled, Binance will share advance notice of any delisting and settle contracts following a transparent process designed to support a consistent user experience. Binance may transition the contract into a standard TradFi perpetual contract framework once it confirms a stable mark price can be derived for the underlying asset.

First Listing Details: SPCXUSDT Pre-IPO Perpetual is the first Pre-IPO futures contract to list on Binance, and will provide eligible users exposure to market expectations surrounding SpaceX ahead of its public listing. The contract will be margined and settled in USDT. Additional details on leverage, tick size, funding rate and listing time are available here.

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Disclaimer: Digital asset prices can be highly volatile. The value of your investment may rise or fall, and you may not get back the amount you initially invested. You are solely responsible for your own investment decisions, and Binance is not liable for any losses you may incur. Pre-IPO Perps are exposed to high market risk and price volatility. Volatility can be especially high after official listing, and the price may stay lower than the final IPO price. There is no guarantee that the IPO for the underlying share will move forward. You may be required to make additional margin deposits or interest payments on short notice. If required margin deposits or interest payments are not made within the specified time, your collateral may be liquidated. Furthermore, you will remain liable for any resulting deficit in your account and interest charged to your account. Your entire margin balance may be liquidated in the event of unfavorable price movement. Past performance is not a reliable predictor of future results. Pre-IPO Perps do not represent ownership of the relevant underlying share. Pre-IPO Perps are not associated, affiliated, sponsored or endorsed by the issuer of the relevant underlying shares. Before trading, you should make an independent assessment of whether the transaction is appropriate for your own objectives and circumstances, including the risks and potential benefits. Consult your own advisors if needed. This information should not be interpreted as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Exchange Rules, Clearing Rules, Exchange Procedures, Clearing Procedures, Contract Specifications and Risk Warning.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. More than 310 million people across 100+ countries trust Binance for its industry-leading security, transparency, fast trading engine, investor protections, and unmatched portfolio of digital asset products and offerings ranging from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is dedicated to building an inclusive crypto ecosystem to expand the freedom of money and financial access for people around the world, with crypto as its core foundational tool. For more information, visit: https://www.binance.com.

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