The crypto exchange platform has introduced a tokenized representation of SpaceX shares through its bStocks program, which now includes the SPCXB asset on the spot market. Trading for this pair began at 17:00 UTC, with automated tools active from day one and zero maker fees until August 2026.
This launch coincides with heightened demand for SpaceX-linked products. Binance reported that its perpetual futures contract for SpaceX has become the second most actively traded derivatives product, behind only Bitcoin. The company also claims to control over 60% of the market for such futures.
The tokenized equity move is part of a broader strategy to offer access to high-growth private companies. Other recent additions to the bStocks lineup include tokenized versions of Circle, Nvidia, Tesla, Micron, and Sandisk.
Market data shows SpaceX shares climbed about 12%, pushing the company’s valuation past $3 trillion. The stock traded in a wide range during the session, reaching an intraday high of $225.64 before settling higher.
Competition in this space is intensifying. Coinbase earlier launched its own tokenized SpaceX shares, backed one-for-one by underlying stock and offering direct ownership. This followed issues encountered by Binance and Bybit with a previous SpaceX offering that failed due to delivery shortfalls.
The latest development strengthens Binance’s position in the growing market for tokenized equities, as traders seek crypto-native exposure to prominent technology firms.