Coinbase has launched pre-IPO markets, starting with SpaceX, offering non-US users exposure via perpetual futures as crypto exchanges race into private markets.

Elon Musk's aerospace company SpaceX is set to IPO, with current estimations making him the world's first trillionaire on its completion.

Coinbase has entered the pre-IPO perpetual futures market, starting with a SpaceX contract, offering up to 5x leverage.