Binance Futures is expanding its tokenized traditional finance offerings with the launch of a new USDⓈ-M perpetual futures contract tied to Space Exploration Technologies Corp (Nasdaq: SPCX).
According to the exchange, trading for the SPCXUSD1 perpetual contract will begin on July 20, 2026, at 09:00 UTC. The contract will be settled in USD1 and gives crypto traders another way to gain exposure to tokenized equity markets through Binance’s derivatives platform.
New TradFi equity is coming to Binance Futures: $SPCXUSD1
Trade SpaceX. Settled in USD1.
Available 24/7, up to 25x leverage.
Learn more: https://t.co/yh0APgG4cZ pic.twitter.com/oMaZVpU71h
— Binance Futures (@BinanceFutures) July 17, 2026
What does the new SPCXUSD1 contract offer?
The new perpetual contract will trade around the clock and supports a minimum order size of 0.01 SPCX, with the minimum notional value set at USD1. Binance has also fixed the contract’s tick size at 0.01.
Traders can access leverage of up to 25x, while eligible users will be able to use Multi-Assets Mode, allowing supported collateral assets to be used across positions instead of relying on a single settlement asset.
Funding payments will take place every eight hours, with the funding rate capped between +1.00% and -1.00%. Binance also set the product’s interest rate at 0%.
READ ALSO: Binance AI-Powered Security Defeats Over $10 Billion Fraud and Scam Cases
How does this fit Binance’s tokenized product strategy?
The listing adds to Binance’s growing lineup of tokenized products that bridge traditional financial assets with crypto derivatives.
Before SpaceX’s public listing, Binance had already introduced SpaceX pre-IPO perpetual futures, giving traders synthetic exposure before the company’s shares entered the public market.
The latest launch continues Binance’s effort to expand access to tokenized equity-linked products through perpetual futures while keeping trading within its crypto derivatives ecosystem.
The exchange also confirmed that the contract will be listed under Binance Exchange Rule 17.
SpaceX shares extend losing streak ahead of launch
The new listing comes as SpaceX shares continue to face selling pressure.
SPCX closed Thursday at $131, down 3% on the day, marking its fifth consecutive losing session. The decline also pushed the stock back to its IPO price of $135.
Investor sentiment was further weakened after the company canceled the 13th Starship test flight because of a booster-related issue. SpaceX has not announced a new launch date, leaving uncertainty around the next major milestone for the aerospace company. Meanwhile, Wall Street investment banks have started coverage of Elon Musk’s SpaceX with bullish ratings ahead of the company’s inclusion in the Nasdaq-100 index.
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