A pre-IPO is the period before a private company lists its shares on a public stock exchange through an initial public offering (IPO).

Pre-IPO trading lets investors buy or sell claims on a company's shares before the official IPO date, either through private markets or derivative products.

Binance Futures launched Pre-IPO Perpetual Contracts in May 2026, starting with SPCXUSDT, which tracks the expected public market valuation of SpaceX.

Pre-IPO perpetual contracts are margined and settled in USDT, giving crypto traders a way to gain exposure to private companies before they go public.

Pre-IPO investing carries unique risks, including the possibility that an IPO may be postponed, canceled, or priced differently than expected.#TrumpIranTougherPeaceTerms #XRPLProposalBlocksFlashLoans #SECCharges12.3MCryptoScheme #NomuraOCCCryptoTrustApproval #RepublicanCandidateSellsBTCforCampaign $BNB $ETH $BTC