SpaceX perpetual futures recorded approximately $5.35 billion in trading volume on Binance over a recent 24-hour period as of the 17th, ranking third among all perpetual futures products on the exchange. The SPCX/USDT perpetual futures product, which tracks SpaceX's stock price, launched on Binance on May 21 ahead of the company's initial public offering. Trading demand surged following SpaceX's listing on the 12th, when the stock price began a rapid ascent. The product now trails only ETH/USDT and BTC/USDT in trading volume on Binance, according to data from digital asset analytics platform CoinGlass.
SPCX/USDT Perpetual Futures Ranks Third on Binance by Volume
CoinGlass data showed the SPCX/USDT perpetual futures product generated approximately $5.35 billion (approximately 8 trillion KRW) in trading volume during the measured 24-hour window as of the 17th. This volume placed the product in third position on Binance, behind ETH/USDT and BTC/USDT perpetual futures. The SPCX/USDT product launched on May 21, prior to SpaceX's initial public offering. Increased trading activity followed the company's stock market debut on the 12th, during which the share price rose sharply.
SpaceX IPO Valued Company at $1.77 Trillion
SpaceX, the space exploration, satellite communications, and artificial intelligence company founded by Tesla CEO Elon Musk in 2002, set its IPO share price at $135 (approximately 204,120 KRW). The offering valued the company at approximately $1.77 trillion (approximately 2,400 trillion KRW), the largest valuation recorded for any IPO. According to CompaniesMarketCap data, SpaceX's market capitalization stood at approximately $2.658 trillion (approximately 4,019 trillion KRW) as of the 17th, ranking seventh among all global assets.
FAQ
What trading volume did SpaceX perpetual futures achieve on Binance as of the 17th?
SPCX/USDT perpetual futures on Binance recorded approximately $5.35 billion in trading volume during a 24-hour period as of the 17th, according to CoinGlass data. This volume ranked third on the exchange, following ETH/USDT and BTC/USDT perpetual futures products.
When did the SPCX/USDT perpetual futures product launch on Binance?
Binance launched the SPCX/USDT perpetual futures product on May 21, prior to SpaceX's initial public offering. The product tracks the stock price of SpaceX, the space exploration and satellite communications company founded by Elon Musk in 2002.
What was SpaceX's valuation at IPO and current market capitalization as of the 17th?
SpaceX set its IPO share price at $135, resulting in a company valuation of approximately $1.77 trillion — the largest IPO valuation on record. As of the 17th, CompaniesMarketCap data showed SpaceX's market capitalization at approximately $2.658 trillion, ranking seventh among all global assets.
