Coinbase launches pre-IPO perpetuals

Coinbase launched perpetual contracts for pre-IPO companies, starting with SpaceX. Non-US users can trade valuation changes with USDC settlement and 24/7 trading.

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$BTC



₿ BTC/USDT — Accumulation After Shakeout

BTC experienced a sharp correction but buyers appeared near 58K support.

Bullish structure: 🔥 Strong demand reaction

🔥 Long lower wick shows buying interest

🔥 Oversold bounce developing

🔥 Recovery above 63K–64K can shift momentum

Market shakeouts often happen before major moves.



#Bitcoin Sharpe Ratio hits extreme bearish level

#MicroStrategy reports Bitcoin loss

#Bitcoin Sharpe Ratio hits extreme negative level

#Strategy reports massive Q4 loss

#Coinbase launches pre-IPO perpetuals



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🚨 Coinbase Launches Pre-IPO Perpetuals Starting With SpaceX Coinbase is expanding its derivatives offering with the launch of Pre-IPO perpetual contracts. The first market will be tied to SpaceX, giving traders exposure to one of the world's most valuable private companies before a potential public listing—without owning actual shares. Key highlights: • First listing: SpaceX (SPCX-PERP) • Exposure to private-company valuations before IPO • No ownership of underlying shares required • 24/7 perpetual futures-style trading • Further convergence of crypto and traditional finance markets The launch highlights the growing demand for tokenized and synthetic exposure to real-world assets. Coinbase continues to advance its vision of an "Everything Exchange," where crypto, equities, and other financial instruments can coexist on a single trading platform. #Coinbase #SpaceX #Crypto #Perpetuals #IPO #Trading #Blockchain #ElonMusk

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Here's a simplified summary: BREAKING: CNBC reports that the U.S. has officially approved Bitcoin futures for the first time. “BTC is now tradable in all major financial instruments of traditional markets.” → BTC is taking over Wall Street! This development hasn’t yet been priced in (video included—direct clip from CNBC’s report). **Video content (CNBC report):** The CFTC (U.S. Commodity Futures Trading Commission) has for the first time regulated and approved Bitcoin “perpetual futures” on the Kalshi exchange. What are perpetual futures? - Futures contracts with no expiration date - Enable very high leverage - The most dominant trading instrument in the global crypto derivatives market Previously, U.S. investors had no choice but to use unregulated offshore exchanges—until now, when regulated perps are available domestically for the first time. CNBC’s closing line (quoted in the post): “Investors can now access crypto assets through nearly all major financial instruments used in traditional markets—spot, ETFs, options, futures, and now regulated perpetuals.” **Important note (based on replies):** This is NOT the same as regular Bitcoin futures (launched on CME in 2017) or Futures ETFs (launched in 2021). This is NEW: the first-ever regulatory approval of perpetual futures (perps) in the U.S. Some replies mistakenly call it old news—but the key point is the regulatory clearance of perps. In short: A Bitcoin historian is sharing this positive development—Bitcoin’s deeper integration into traditional finance—as BREAKING news.

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The US's first Federal National Mortgage Association-backed Bitcoin mortgage just completed Coinbase was used as the intermediary between the buyer and seller The buyer said, “We closed on our home, and my Bitcoin stayed intact. We didn’t have to liquidate, didn’t have to time the market”

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Coinbase just made one of the biggest bets on @ethena yet. Next week, USDe will power a new savings product for over 100M Coinbase users, while Coinbase Ventures is accumulating solana:72QvBVwpxqmheEPfaCwWSWqEFsUy3rhWt6JhQBMNTwD1 directly from the open market. Distribution is everything. If even a small percentage of @coinbase users adopt USDe, the impact on Ethena's growth could be significant.

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Coinbase makes US history with the first-ever Bitcoin-backed mortgage! 🏡 Borrowers can now use digital assets like BTC & USDC for down payments without selling. Fannie Mae guarantees the loan. Nation-wide rollout this summer via Better. #Bitcoin #Mortgage #Crypto #Homeownership

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These announcements from Coinbase are absolute game-changers for the entire industry. Merging the traditional financial system with crypto liquidity like this is exactly how mass adoption scales. Speculating on mega-companies before they even hit the public stock exchange. Trading private tech giants before the IPO used to be a luxury reserved exclusively for Silicon Valley VCs and institutional insiders. Not anymore. Coinbase is officially launching Pre-IPO Perps, kicking off 24/7 trading starting with SpaceX! 🚀

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Kraken’s parent company Payward is preparing to expand tokenized equity access into the IPO market. The plan is to let retail investors participate in U.S. IPOs through tokenized shares at the same offering price typically reserved for institutional investors. Under the proposed system: ➜ IPO allocations would be gathered across participating platforms ➜ Shares would later be tokenized onchain ➜ And each token would reportedly remain backed 1:1 by the underlying stock held in custody The initiative is part of a broader push around tokenization and blockchain-based capital markets infrastructure. Traditionally, early IPO access has mostly been limited to large institutions, private banks and high-net-worth clients. Projects like this are trying to make that process more accessible through digital asset rails. The timing is also notable as interest continues building around potential future IPO candidates tied to AI and tech sectors. Tokenized equities remain an evolving area with regulatory, liquidity and market structure risks still being watched closely.