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Coinbase has launched pre-IPO perpetual futures on its International Exchange, listing SpaceX as the first underlying asset.
The contracts are USDC-settled, trade 24/7 with no expiry, and are open to eligible users outside the United States, the company said in a blog post published June 3.
The product runs through Coinbase Bermuda Ltd., a Class F entity licensed by the Bermuda Monetary Authority. Maximum leverage is 5x. All profit and loss settles in USDC.
