Coinbase Launches Pre-IPO Markets for SpaceX
- Coinbase has introduced pre-initial public offering (IPO) markets, starting with SpaceX.
- Users outside the U.S. can trade a USDC-settled perpetual futures contract based on SpaceX’s pre-IPO valuation.
- The product allows for continuous trading without expiry, with profits and losses settled in USDC.
- This offering is not available to U.S. persons due to regulatory restrictions.
- SpaceX’s valuation is estimated at up to $1.75 trillion in recent private market assessments.
The launch of pre-IPO markets reflects a growing interest in tokenized real-world assets, with Coinbase aiming to democratize access to private market investments traditionally reserved for institutional investors.
With this new offering, Coinbase joins other exchanges like Kraken and Bitget in providing access to private companies, as the RWA market has expanded significantly this year.(Source)
