Coinbase launches pre-IPO perpetual futures on SpaceX via its BMA-licensed Bermuda exchange — USDC-settled, 24/7, up to 5x leverage, non-US only.

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.