The exchange launches 24/7 USDC-settled perpetual futures for private firms, starting with SpaceX for non-US users.
Coinbase has introduced pre-IPO perpetual futures, beginning with SpaceX as the first listed private company. The contracts, available to eligible users outside the U.S., offer 24/7 trading, USDC settlement, and no expiry dates.
The move aims to provide exposure to private firms before public listings and enhance price discovery. SpaceX marks the inaugural offering, with no prior comparable products on major exchanges for private company derivatives.
No immediate market reaction details were provided, though the launch expands access to private equity-like exposure in a regulated crypto environment.