finance
Binance Launches Pre-IPO Perpetual Contracts on May 21
Binance introduced perpetual contracts tied to pre-IPO shares on May 21. The exchange captured more than 60 percent of category volume within days and reached roughly 65 percent by May 27, with cumulative trading near 400 million dollars.
May 29, 4:26 AM·1m read1 source
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Binance launched perpetual contracts linked to pre-IPO shares on May 21. The contracts allow traders to take positions on companies that have not yet completed an initial public offering. Within days the exchange recorded more than 60 percent of total volume in the category.
27 Binance's share of the category reached about 65 percent.
Cumulative trading volume across the contracts stood near 400 million dollars. The contracts belong to the newest segment of perpetual products that reference traditional finance or real-world assets. Trading patterns observed so far mirror activity seen in earlier categories of the same product type.
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