Pre-IPO Perpetual Volume Surges to $12B in June Amid Binance Dominance

SPCX-7.52%
OPENAI0.48%
According to CryptoQuant data, pre-IPO perpetual futures trading volume reached $12 billion in June, surging from $2 million in March. Binance controlled 83% of the market with $10.3 billion in volume, followed by Bitget with $1.3 billion. Pre-IPO contracts accounted for 55% of all crypto equity perpetual trading in June, up from 5% in May, driven by demand for exposure to private technology companies including SpaceX and OpenAI.
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