Dear Bitunix users,
Bitunix will launch the SPCXUSDT Pre-IPO perpetual contract on the USDT-based perpetual contract market at 16:00 (UTC+8) on May 22, 2026 .
Contract details are as follows:
Contract Name | SPCXUSDT |
Target assets | Space Exploration Technologies Corp. (SPCX) |
Contract Type | U-based Pre-IPO Perpetual Contract |
Settlement assets | USDT |
Highest leverage | 10x |
Funding fee rate settlement frequency | Every 8 hours |
Trading hours | 24/7 |
Regarding Pre-IPO Perpetual Contracts:
Pre-IPO perpetual contracts are derivative contracts linked to the price performance of unlisted companies, allowing users to participate in market price fluctuations before the underlying company's official IPO.
Please note that Pre-IPO perpetual contracts do not imply ownership of the underlying shares, nor do they grant any shareholder rights, voting rights, or other interests. Users are trading derivatives linked to the price performance of the underlying asset, not actual shares.
Regarding the marked price:
In the absence of open market prices, Bitunix will calculate the mark price based on a combination of platform market transaction prices and external market reference prices to reduce the impact of abnormal fluctuations on the market.
Regarding contract adjustments and delisting:
If the relevant underlying asset successfully completes its IPO listing, Bitunix may convert the Pre-IPO perpetual contracts into standard stock perpetual contracts depending on market conditions. Specific arrangements will be announced separately.
If the relevant underlying asset fails to complete its IPO, postpones its listing, or experiences other significant market changes, Bitunix reserves the right to delist the relevant Pre-IPO perpetual contracts in advance and settle them.
Please note:
Depending on market risk conditions, Bitunix may adjust contract parameters, including but not limited to funding rates, minimum price increments, maximum leverage, initial margin, and maintenance margin.
The above perpetual contract trading pairs will be subject to the Bitunix Contract Service Agreement .
In the event of any discrepancy between this translation and the original English text, the English version shall prevail.
Thank you for your support of Bitunix!
Bitunix team
May 22, 2026
Bitunix community
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⚠️Risk Warning:
Pre-IPO perpetual contracts are high-risk derivatives, and their price volatility may be significantly higher than that of typical digital asset contracts. The underlying company may not successfully complete its IPO, and there may be delays or cancellations.
Before and after the official listing, the market price may fluctuate dramatically, and the price may deviate from the final IPO price for an extended period. If the market experiences adverse fluctuations, users may face partial or total loss of their margin.
Pre-IPO perpetual contracts do not represent ownership of the underlying shares, nor do they constitute any affiliation, partnership, or official relationship with the relevant company.
Please fully understand the product mechanics and assess your own risk tolerance before trading. Bitunix is not responsible for any trading losses.
