Key facts
- Binance now leads the SpaceX perpetual futures market with over 60% share.
- The SpaceX perpetual futures pair (SPCXUSDT) is Binance's second most traded product.
- The contract saw over $5.6 billion in 24-hour trading volume and $190.59 million in open interest.
- This trading surge indicates growing retail investor interest in pre- and post-IPO exposure to high-profile companies.
Binance has become the dominant player in the trading of SpaceX perpetual futures, capturing over 60% of the market share. The SPCXUSDT perpetual futures pair has rapidly ascended to become the exchange's second most traded product, following only Bitcoin perpetual contracts. This surge in activity, with over $5.6 billion in rolling 24-hour trading volume, highlights growing retail investor interest in gaining exposure to high-profile companies both before and after their public listings. Binance noted that demand for its tokenized stock offerings exceeds 80% from users lacking easy access to U.S. equity markets, underscoring the appeal of such products.