Binance Futures has announced the expansion of its tokenized traditional finance portfolio with a new USDⓈ-M perpetual futures contract, offering exposure to Space Exploration Technologies Corp (SpaceX) shares under the ticker SPCX. Binance, one of the world’s leading cryptocurrency exchanges, continues to blur the lines between equity markets and digital assets by introducing products that track high-profile companies.
Launch details and contract features
Trading for the SPCXUSD1 perpetual contract will begin at 09:00 UTC on July 20, 2026. Settlement will take place in USD1, Binance’s standardized futures settlement token, providing crypto traders with a new way to participate in tokenized equity markets.
The contract allows for round-the-clock trading, and users can place orders with a minimum size of 0.01 SPCX, with the minimum notional value set at USD1. The tick size has been established at 0.01 to align with standard trading increments.
Eligible users will be able to use leverage up to 25x. Additionally, Binance will offer Multi-Assets Mode, which lets traders use a variety of supported collateral assets across their positions, instead of being limited to a single settlement asset.
Funding payments for these contracts will occur every eight hours, with the funding rate capped between +1.00% and -1.00%. The product carries a zero percent interest rate, according to Binance’s announcement.
Traders accessing SPCXUSD1 perpetuals will benefit from up to 25x leverage, with funding capped at ±1% every eight hours and no interest rate applied.
| Parameter | SPCXUSD1 |
|---|---|
| Settlement Token | USD1 |
| Maximum Leverage | 25x |
| Minimum Order Size | 0.01 SPCX |
| Minimum Notional Value | USD1 |
| Funding Payment Frequency | Every 8 hours |
| Funding Rate Cap | ±1.00% |
| Interest Rate | 0% |
Strategic expansion of tokenized equity offerings
With the addition of SPCXUSD1, Binance advances its strategy to develop a comprehensive range of tokenized assets that integrate traditional finance with the crypto derivatives ecosystem. By bridging equity and digital asset markets, Binance aims to provide users with diverse trading opportunities far beyond standard cryptocurrencies.
Earlier, Binance introduced SpaceX pre-IPO perpetual futures, which enabled synthetic exposure to SpaceX shares prior to their public market debut. The new listing under Binance Exchange Rule 17 further embeds equity-linked offerings into Binance’s product suite.
SpaceX, known for its innovations in aerospace and led by CEO Elon Musk, gained attention after its public listing and inclusion in leading equity indexes.
Mini dictionary: USDⓈ-M perpetual futures, Binance’s cryptocurrency derivatives contracts that are settled in stablecoins such as USDT or USD1. These products offer margin trading with high leverage and support multiple collateral types.
SpaceX shares face selling pressure
The SPCXUSD1 contract launch coincides with notable turbulence in SpaceX’s stock price. SPCX closed Thursday at $131, a 3% decline for the day, marking its fifth consecutive session in the red and returning the stock value to its IPO price of $135.
Investor confidence weakened after the cancellation of SpaceX’s 13th Starship test flight due to a booster issue. The company has yet to announce a new test date, introducing further uncertainty as investors closely watch for the next milestone in its pioneering space program.
Despite recent setbacks, Wall Street investment banks have recently initiated coverage of SpaceX with optimistic ratings, reflecting anticipation ahead of the company’s inclusion in the Nasdaq-100 index.
Following delays and a fifth straight decline, SPCX retreated to $135, its IPO price, as investors await clarity on the Starship test program.
