Binance ignites SpaceX trading frenzy with new bStocks launch
Binance has launched tokenized SpaceX shares as trading demand pushes the companys valuation above $3 trillion and drives a surge in SpaceX-linked crypto products. According to a June 12 announcement from Binance, the exchange has listed SPCXB, a tokenized version of SpaceX stock, on its spot market, with trading for the SPCXB/USDT pair going live at 17:00 UTC. Binance also enabled automated trading tools for the new pair from launch and introduced a zero maker fee promotion that will remain in effect through the end of August 2026. A few days after trading opened, deposits and withdrawals for the token became available, allowing users to move the asset on and off the platform. The listing arrives as investor interest in SpaceX-related products continues to grow across both traditional and crypto markets. According to Binance data cited in its announcement, the exchange now controls more than 60% of the market for SpaceX perpetual futures trading. SpaceX products dominate Binance trading activity Activity in derivatives markets has increased even faster than spot demand. Binance data shows that its SPCXUSDT perpetual futures contract has become the second-most traded futures product on the platform, ranking behind only Bitcoin futures. The rapid rise in trading volumes highlights strong demand from traders seeking