Coinbase launches pre-IPO perpetual futures on SpaceX
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- Coinbase launched a pre‑IPO perpetual futures market, debuting with a SpaceX contract.
- Payward (Kraken’s parent) announced a similar tokenized pre‑IPO offering on Wednesday.
- Binance launched derivative products linked to private firms, including SpaceX, in May.
- Bernstein research estimated the tokenized real‑world‑asset market at $51 billion, a 42% increase this year.
- Tokenized stocks still make up a low‑single‑digit share of that market, with most activity centered on big‑tech names such as Tesla, Alphabet, and Microsoft.
Why it matters: Investors gain direct exposure to private‑company assets like SpaceX, while exchanges vie for market share in a $51 billion tokenized‑asset space that’s growing 42% this year.
