Binance to Launch SPCXUSDT Pre-IPO Perpetual Contract on May 21, 2026

Odaily Odaily News According to an official announcement, Binance will launch the SPCXUSDTU-margined Pre-IPO perpetual contract at 04:45 (UTC) on May 21, 2026, with a maximum leverage of 5x and support for Multi-Assets Mode. The underlying asset for this contract is Space Exploration Technologies Corp. (SPCX), the settlement asset is USDT, with a minimum trading quantity of 0.01 SPCX and a minimum notional value of 5 USDT. During the Pre-IPO trading period, the funding rate ceiling is +0.005% every 8 hours, and after the subsequent transition to a standard perpetual contract, the funding rate range will be +2.00% / -2.00%. Copy trading functionality for this contract will be enabled within 24 hours of its listing.