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Coinbase launches pre-IPO markets starting with SpaceX, offering non-US users perpetual futures tied to private company valuations amid rising competition.<\/p>\n
Coinbase has launched pre-intial public offering (IPO) markets, starting with SpaceX, offering users outside the United States exposure to private companies before they list publicly via a perpetual futures contract tied to the company\u2019s estimated pre-listing price.<\/p>\n
The product is a USDC-settled perpetual futures contract that tracks SpaceX\u2019s pre-IPO valuation. It allows 24\/7 trading with no expiry or rollover, with profits and losses settled in USDC, according to a company blog post<\/a> Thursday. <\/p>\n Coinbase said the positions can be opened and closed at any time, similar to existing perpetual futures contracts on the platform. Upon a future IPO, positions will automatically transition into a post-IPO perpetual futures contract referencing the public listing.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n