In a pioneering move, Binance Futures has unveiled a new USDⓈ-M perpetual futures contract that offers exposure to SpaceX shares under the trading symbol SPCX. This strategic addition aims to bridge the gap between traditional financial markets and burgeoning digital assets by tracking esteemed companies like SpaceX. The launch underscores Binance’s commitment to broadening its financial offerings, presenting unique opportunities for crypto traders to engage in equity markets.
Launch details and contract features
Scheduled to commence at 09:00 UTC on July 20, 2026, the SPCXUSD1 perpetual contract will settle in USD1, the standardized token employed by Binance for futures settlements. This provides enthusiasts of digital finance a novel approach to participate in tokenized equities.
The SPCX contract supports 24/7 trading, with orders starting at just 0.01 SPCX and valued at a minimum of USD1. The tick size, set at 0.01, ensures smooth trading operations adhering to typical increment standards.
Traders will enjoy up to 25x leverage, with Binance offering a Multi-Assets Mode to utilize various collateral assets beyond a single settlement token. Furthermore, contract funding happens every eight hours, maintaining a funding cap between +1.00% and -1.00% and benefiting from a zero interest rate.
Traders accessing SPCXUSD1 perpetuals will benefit from up to 25x leverage, with funding capped at ±1% every eight hours and no interest rate applied.
Strategic expansion of tokenized equity offerings
The SPCXUSD1 is part of Binance’s wider aim to integrate traditional finance elements into the crypto derivatives domain. This approach offers new trading opportunities beyond conventional digital currencies.
Previously, Binance launched SpaceX pre-IPO perpetuals, granting synthetic access to SpaceX’s offerings before its market introduction. The SPCXUSD1 contract further solidifies Binance’s strategic inclusion of equity-related products.
SpaceX’s innovative maneuvers in the aerospace sector, under Elon Musk’s leadership, caught investors’ eyes following its public market debut and subsequent index inclusions.
The SPCXUSD1 initiative is characterized by:
- Utilizing USD1 for futures settlement.
- Offering up to 25x leverage capabilities.
- Minimum order size of 0.01 SPCX with USD1 notional value.
- Funding rate fluctuations capped at ±1% every 8 hours, with no interest applied.
As SpaceX stock experiences volatility, this contract launch coincides with SPCX stock price pressures, closing recently at $131. Despite recent concerns linked to test flight delays, investment banks maintain a positive outlook on SpaceX ahead of its anticipated Nasdaq-100 inclusion.
