Binance will launch the SPCXUSDTPre-IPO perpetual contract on May 21, 2026

According to an official announcement, Binance will launch the SPCXUSDT-based Pre-IPO perpetual contract at 04:45 (UTC) on May 21, 2026, with a maximum leverage of 5 times and supporting a multi-asset model. The contract is subject to Space Exploration Technologies Corp. (SPCX), the settlement asset is USDT, the minimum trading volume is 0.01 SPCX, and the minimum nominal value is 5USDT. The maximum funding rate during the Pre-IPO trading period is +0.005% every 8 hours, and the funding rate range is +2%/-2%after subsequent transition to a standard perpetual contract. Contracts will have documentary trading functions available within 24 hours of listing.