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Binance says SpaceX perpetual futures topped $5.6 billion in daily volume

Binance says SpaceX perpetual futures topped $5.6 billion in daily volume

Heavy trading in Binance’s SpaceX-linked contract underscored retail appetite for pre-IPO-style market access and may draw closer attention from regulators as crypto venues expand into equity-linked products.

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Fact Check
The claim is directly confirmed by the originating entity. Binance's official blog ('Binance Holds Over 60% Market Share of SpaceX Perpetual Futures') and official press release both state SPCXUSDT recorded over $5.6 billion in 24-hour trading volume as of June 13, 2026, and that it became the exchange's second-largest traded product after Bitcoin. Secondary coverage from Cryptopolitan and Cryptobriefing corroborates (Cryptobriefing cites a slightly higher $5.7B single-day peak on June 12, consistent with day-to-day variation). The $5.6 billion daily volume figure cited in the claim matches Binance's official reporting precisely.
Summary

Binance said its SpaceX perpetual futures contract, SPCXUSDT, became a major venue for retail investors seeking exposure to the newly listed company after SpaceX’s Nasdaq debut. The exchange said the contract recorded more than $5.6 billion in 24-hour volume as of June 13, more than $9 billion in cumulative volume across its pre-IPO and post-listing phases, and more than 60% of SpaceX perpetual futures trading across centralized and decentralized venues. Binance also said SPCXUSDT became its second-most traded product behind Bitcoin futures. The scale of the activity highlighted strong retail demand for access to high-profile private and newly public companies through crypto-native products, a trend that may prompt regulatory scrutiny as exchanges push further into equity-linked trading. Separately, market watchers said SpaceX’s rise past a $2.5 trillion valuation just eight days after its IPO, making it the world’s sixth-largest company, was drawing risk capital away from crypto and showing how high-momentum equity stories can compete with digital assets for speculative flows.

Terms & Concepts
  • perpetual futures: Futures contracts with no expiry date
  • pre-IPO: Before a company goes public
  • risk capital: Money allocated to high-risk investments