Blockchain.com Launches Perpetual Trading for Institutions with SpaceX Link
- Blockchain.com has introduced 24/7 perpetual trading for institutional clients via its OTC desk.
- The new service includes a SpaceX-linked perpetual contract, already live for eligible investors.
- This offering allows institutions to hedge or adjust positions across multiple asset classes, including on weekends.
- Investor demand for SpaceX’s upcoming IPO is reported to be three and a half to four times oversubscribed, exceeding $250 billion.
- Other exchanges like Binance and Kraken are also launching pre-IPO products linked to SpaceX.
The launch of Blockchain.com’s continuous trading platform aims to provide institutions with flexible market access beyond traditional hours, facilitating trades in various asset classes, including equities and commodities. As the anticipation builds around SpaceX’s IPO, the crypto market sees increased activity in pre-IPO trading products.
With demand exceeding $250 billion for the anticipated IPO, Blockchain.com’s new service positions it at the forefront of emerging pre-IPO trading opportunities in the cryptocurrency space. (Source)
