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According to official announcements, Binance will launch the SPCXUSDT U-based Pre IPO perpetual contract on May 21, 2026 at 12:45 (UTC+8), supporting a multi asset model with a maximum leverage of 5 times. The contract subject is SpaceExploration Technologies Corp. (SPCX), with settlement assets in USDT, a minimum trading volume of 0.01 SPCX, and a minimum nominal value of 5 USDT. The upper limit of the fund rate during Pre IPO trading is+0.005% every 8 hours, and the range of fund rates after converting to standard perpetual contracts is+2.00%/-2.00%. The follow-up trading function will be opened within 24 hours after listing.