Binance will list the SPCXUSDT Pre-IPO Perpetual Contract on May 21, 2026

Odaily Odaily Planet Daily reports that according to an official announcement, Binance will list 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-asset mode. The underlying asset of this contract is Space Exploration Technologies Corp. (SPCX), with USDT as the settlement asset, 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 cap is +0.005% every 8 hours. Subsequently, after transitioning to a standard perpetual contract, the funding rate range will be +2.00% / -2.00%. Copy trading functionality will be enabled for the contract within 24 hours of listing.