Coinbase converts SPCX-PERP from a pre-IPO contract to a standard equity perpetual future ahead of SpaceX's IPO, offering 5x leverage and 24/7 USDC trading.

The SPCX perpetual still trades above SpaceX’s $135 offer price, but it has fallen sharply from its May highs as traders mark down the first-day premium.

Blockchain.com expanded its OTC derivatives platform with round-the-clock trading and a SpaceX-linked perpetual contract ahead of the company's expected IPO.