Rebeca Moen
Jun 10, 2026 20:19
Blockchain.com launches 24/7 OTC perpetuals for establishments and a SpaceX pre-IPO contract, eyeing institutional progress forward of its personal IPO.
Blockchain.com has expanded its institutional choices with the launch of 24/7 perpetual buying and selling by way of its OTC desk, permitting shoppers to commerce shares, commodities, foreign exchange, and pre-IPO contracts across the clock. A key spotlight of the rollout is a SpaceX-linked perpetual contract, giving eligible traders publicity to the aerospace large forward of its anticipated public itemizing.
The brand new service is designed for establishments searching for steady market entry exterior conventional buying and selling hours, together with weekends. With this launch, Blockchain.com goals to cater to choices desks managing publicity, macro funds buying and selling throughout asset courses, and traders speculating on distinguished IPOs comparable to SpaceX.
Why SpaceX Pre-IPO Buying and selling Issues
SpaceX, reportedly focusing on a $1.75 trillion valuation, is on monitor to grow to be one of many largest IPOs in U.S. historical past. Anticipation round its anticipated June 12 debut has spurred demand for pre-IPO buying and selling merchandise throughout the crypto sector. Blockchain.com’s SpaceX-linked perpetual contract joins a rising record of comparable choices from opponents like Binance, Kraken, and Coinbase, every trying to seize institutional and retail curiosity in speculative pre-IPO publicity.
These contracts enable merchants to invest on an organization’s valuation with out proudly owning the underlying shares. Blockchain.com’s product enhances its broader technique to combine conventional asset courses into its crypto ecosystem, following its April launch of self-custodied perpetual futures buying and selling powered by Hyperliquid.
Strategic Enlargement into Institutional Markets
Based in 2011, Blockchain.com has transitioned from primarily serving retail crypto customers to constructing a strong institutional infrastructure. Roughly 60% of its income now comes from institutional and brokerage companies. The agency’s newest perpetual buying and selling launch displays its dedication to capturing a bigger share of the institutional market, the place demand for derivatives-led worth discovery and threat administration instruments continues to develop.
This transfer additionally aligns with Blockchain.com’s regulatory progress. The corporate gained FCA registration within the UK earlier this 12 months and filed confidential IPO paperwork with the U.S. SEC in Might. These steps place Blockchain.com to scale its choices whereas addressing compliance for institutional shoppers in key markets.
Competitors Heats Up in Pre-IPO and Perpetual Markets
Blockchain.com just isn’t alone in focusing on pre-IPO buying and selling as a progress space. Binance, Kraken, and Coinbase have all launched SpaceX-linked merchandise just lately. Kraken and Bybit, as an illustration, provide tokenized shares by means of their xStocks platforms, whereas Binance’s USDT-settled perpetual futures present an easier by-product choice. Coinbase has additionally launched a perpetual futures contract tied to SpaceX’s valuation, designed to transition right into a post-IPO product upon itemizing.
The market demand is obvious: Reuters just lately reported that SpaceX’s IPO is oversubscribed by 3.5 to 4 occasions, with investor curiosity exceeding $250 billion for an providing anticipated to boost $75 billion. Blockchain.com’s entry into this crowded area underscores its ambition to stay aggressive in high-demand institutional buying and selling segments.
What’s Subsequent?
Blockchain.com’s give attention to derivatives and pre-IPO markets indicators a transparent pivot towards institutional progress because it prepares for its personal IPO. With SpaceX anticipated to go public on June 12, buying and selling exercise in associated contracts might function a litmus take a look at for the platform’s means to draw institutional curiosity. For merchants, the 24/7 entry to perpetuals opens new alternatives to handle positions throughout asset courses with out being constrained by conventional market hours.
For now, all eyes are on Blockchain.com’s means to steadiness innovation with regulatory compliance because it expands its footprint within the more and more aggressive institutional buying and selling area.
Picture supply: Shutterstock
