By: Christian Pierce

(SeaPRwire) –   Binance exceeded $5.6 billion in SPCXUSDT trading volume over last 24 hours, with over $9 billion in accumulated trading volume across SpaceX’s Pre-IPO and post-public listing

Traditional exchanges spent years prepping for SpaceX’s 2026 Nasdaq listing. They expected to lock in nearly all trading volume for the high-profile stock. Instead, a crypto exchange stole 60% of the entire SpaceX derivatives market overnight. Most retail and institutional traders chose Binance over legacy trading venues for their exposure.

As of June 13, 9:00 AM UTC, Binance’s SPCXUSDT perpetual futures hit $5.6 billion in 24-hour trading volume. It’s now the platform’s second most traded product, trailing only Bitcoin perpetuals. Accumulated trading volume across pre-IPO and post-listing periods hit $9 billion. Open interest sits at $167.22 million, leading all CEX and DEX venues. Binance was the only exchange to rebase its pre-IPO contract after SpaceX’s S-1/A share count increase, shielding users from dilution.

Binance already offers 7,000+ stocks and ETFs alongside digital assets. Its product lineup covers pre-IPO futures, standard perpetuals, spot stock, and tokenized securities. This model cuts out the middlemen that legacy exchanges rely on for fee revenue. If Binance keeps replicating this performance for future high-profile listings, traditional exchanges will lose a third of their high-margin derivatives revenue within three years.

Author bio: Christian Pierce, chief financial columnist and markets commentator with 12 years covering cross-asset trading infrastructure evolution.