Binance Launches Pre-IPO Futures for SpaceX, OpenAI, and Expands TradFi Perpetuals

OpenAI (OPENAIUSDT) – Up to 20x Leverage

Following strong demand for the SpaceX product, Binance launched its second pre-IPO perpetual contract on May 26, 2026: the OPENAIUSDT Pre-IPO Perpetual, linked to OpenAI Group PBC . This contract offers leverage of up to 20x, an increase from the 5x leverage on the inaugural SpaceX contract . Pricing is based on private-market activity, funding rounds, and general investor sentiment ahead of any public listing .

How Pre-IPO Perpetuals Work: Before the underlying company formally announces an IPO or lists on a public exchange, the contracts are designed to reflect publicly available pricing signals such as announced valuation ranges and final offering prices. Once a company begins trading publicly, the contract would transition to track live market performance .

TradFi Perpetual Contracts Expansion on June 3, 2026

In parallel with the pre-IPO product launches, Binance continued to extend its existing line of TradFi Perpetual Contracts—USDT-settled perpetual futures that track the price of traditional stocks and ETFs without requiring users to own the underlying asset .

On June 3, 2026, Binance Futures launched a new batch of six USDⓈ-margined TradFi perpetual contracts, according to an official Binance announcement . The full confirmed list for this date includes:

• Dell (DELLUSDT) – launched 09:00 UTC
• IBM (IBMUSDT) – launched 09:05 UTC
• ServiceNow (NOWUSDT) – launched 09:10 UTC
• Salesforce (CRMUSDT) – launched 09:15 UTC
• IREN (IRENUSDT) – launched 09:20 UTC
• Ondo Finance (ONDOUSDT) – launched 09:25 UTC

These contracts are margined and settled in USDT, offer up to 20x leverage, and are part of Binance’s broader effort to provide 24/7 access to traditional financial markets outside standard trading hours .

Building a Bridge Between Traditional Finance and Crypto Derivatives

The rapid rollout of both pre-IPO perpetuals and expanded TradFi contracts reflects Binance’s ongoing push to onboard traditional equity traders onto its crypto-native derivatives infrastructure . Earlier groundwork included a February 2026 partnership with Ondo Finance to list 10 tokenized U.S. stocks and ETFs on Binance’s Alpha platform, featuring assets like Apple (AAPLon), Nvidia (NVDAon), and the QQQ ETF . This multi-pronged strategy means Binance users can now access everything from early-stage private company valuations to established public stock futures—all margined in USDT and trading around the clock.

Note: Pre-IPO perpetual contracts are derivative instruments, not equity. Pricing models rely on external signals that may differ significantly from a company’s eventual public market performance. Access restrictions based on jurisdiction and user eligibility apply.