<p><em>旨在让传统私人市场参与者以外的人也能获得机会，Pre-IPO 永续合约允许用户在公开上市前交易预期估值</em></p>
<p>, /PRNewswire/ -- Binance 今日宣布推出永续期货合约，旨在让用户在高知名度的私人公司首次公开募股（IPO）之前提前接触市场。该新产品使用户能够在股票开始在公开交易所交易之前对其进行交易，从而打开了全球市场上最受关注时刻的机会。</p>
<p>在 Binance Futures 上首个上线的 Pre-IPO 永续合约将是 SPCXUSDT Pre-IPO 永续合约，基于对太空探索技术公司（&#34;SpaceX&#34;）的预期公开市场估值。未来将逐步推出更多的 Pre-IPO 永续合约。</p>
<p>此次推出也反映了 Binance 更广泛的愿景，即构建一个金融超级应用，使用户能够通过加密原生基础设施无缝接入更广泛的金融机会。通过超越传统数字资产的使用案例，并将用户与主要市场时刻连接，Binance 继续将其平台发展为全球金融的更全面的入口。</p>
<p><em>&#34;Pre-IPO 永续期货是 Binance 如何通过结合加密原生基础设施与重大金融事件来让市场机会民主化的又一个例子。随着公众上市的兴趣持续增长，我们为用户提供了一种更灵活的方式，以更早地参与预期的 IPO，&#34;</em> Binance 现货及衍生品业务负责人 Shunyet Jan 说道。<em>&#34;此次推出反映了我们对 Binance 作为金融超级应用的愿景——一个提供接入不断扩展的金融机会的平台，这些机会在传统上更难以获得。&#34;</em></p>
<p>历史上，Pre-IPO 价格发现主要限于机构投资者和私人市场参与者。Binance 最新的产品通过使全球合格用户能够在公司公开亮相之前参与市场预期，从而使这一机会民主化。通过利用加密原生基础设施，Binance 正在帮助减少与 Pre-IPO 参与相关的许多传统障碍。</p>
<p>基于数字资产交易者熟悉的永续期货架构，这些合约旨在提供持续定价、交易灵活性和深度流动性。用户无需等待股票的公开亮相，可以在最终 IPO 定价之前及之后根据预期进行交易，将单一市场事件转变为由不断变化的情绪塑造的实时交易机会。</p>
<p><strong>Pre-IPO 永续合约的工作原理：</strong> 在 IPO 之前，这些合约预计将反映公开可用的定价信号，包括已公布的价格区间和最终发行价格。一旦基础公司开始在公开市场交易，这些合约将转变为反映实时市场表现。如果 IPO 被推迟或取消，Binance 将提前通知任何退市，并根据透明的流程结算合约，以支持一致的用户体验。一旦确定可以为基础资产推导出稳定的标记价格，Binance 可能会将合约转变为标准的 TradFi 永续合约框架。</p>
<p><strong>首个上市详情：</strong> SPCXUSDT Pre-IPO 永续合约是 Binance 上首个上市的 Pre-IPO 期货合约，预计将为合格用户提供在 SpaceX 公开上市之前接触市场预期的机会。该合约将以 USDT 进行保证金和结算。有关杠杆、最小变动价位、资金费率和上市时间的更多信息，请查看 <strong>这里</strong>。</p>
<p># # #</p>
<p><strong>免责声明：</strong> 数字资产价格可能会波动。您的投资价值可能会下降或上升，您可能无法收回投资金额。您对自己的投资决策负全部责任，Binance 对您可能遭受的任何损失不承担责任。Pre-IPO 永续合约面临高市场风险和价格波动。在官方上市后，可能会出现特别高的波动，价格可能会低于最终 IPO 价格。不能保证某一股票的 IPO 会进行。您可能会在短时间内被要求进行额外的保证金存款或利息支付。如果未在规定时间内进行所需的保证金存款或利息支付，您的抵押品可能会被清算。此外，您将对账户中任何产生的赤字和利息费用负责。在不利价格变动的情况下，您的所有保证金余额可能会被清算。过去的表现并不能可靠地预测未来的表现。Pre-IPO 永续合约不代表对相关基础股票的所有权。Pre-IPO 永续合约与相关基础股票的发行人没有关联、附属关系，也未获得其赞助或认可。在交易之前，您应根据自己的目标和情况独立评估交易的适当性，包括风险和潜在收益。如有必要，请咨询您自己的顾问。此信息不应被视为财务或投资建议。要了解更多关于如何保护自己，请访问我们的负责任交易页面。有关更多信息，请参见我们的使用条款、交易所规则、清算规则、交易所程序、清算程序、合约规格和风险警告。</p>
<p><strong>关于 Binance</strong></p>
<p>币安是全球领先的区块链生态系统，背后支持着全球最大的加密货币交易所，按交易量和注册用户数计算。币安因其行业领先的安全性、透明度、交易引擎速度、对投资者的保护以及无与伦比的数字资产产品组合而受到来自 100 多个国家超过 3.1 亿人的信任，涵盖交易、金融、教育、研究、社会公益、支付、机构服务和 Web3 功能。币安致力于构建一个包容性的加密生态系统，以增加全球人民的货币自由和金融可及性，以加密货币作为基本手段。欲了解更多信息，请访问：https://www.binance.com。</p>
<p>来源：币安</p>
<p><img src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwNTIxJk5ld3NJdGVtSWQ9Q042NTA3MyZUcmFuc21pc3Npb25fSWQ9MjAyNjA1MjEwMDMxUFJfTkVXU19VU1BSX19fX19DTjY1MDcz?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwNTIxJk5ld3NJdGVtSWQ9Q042NTA3MyZUcmFuc21pc3Npb25fSWQ9MjAyNjA1MjEwMDMxUFJfTkVXU19VU1BSX19fX19DTjY1MDcz"/></p>

太空 ETF - Procure

标普 Kensho 最终前沿 ETF - SPDR

ARKX

<p>币安推出了首次公开募股（IPO）前的永久合约，允许用户在公司上市前交易其预期估值。首个合约 SPCXUSDT 基于 SpaceX 预期的公开估值。此举旨在通过利用加密原生基础设施实现灵活交易和持续定价，来使 IPO 前的投资机会更加普及，传统上这些机会仅限于机构投资者</p>

<p><em>Designed to democratize access beyond traditional private market participants, Pre-IPO Perpetual Contracts allow users to trade expected valuations ahead of public listings</em></p>
<div class="lb-trans"><p><em>旨在让传统私人市场参与者以外的人也能获得机会，Pre-IPO 永续合约允许用户在公开上市前交易预期估值</em></p>
</div><p>, /PRNewswire/ -- Binance today announced the launch of perpetual futures contracts designed to give users early market exposure to high-profile private companies ahead of their initial public offerings (IPOs). The new product enables users to take positions on shares before they begin trading on public exchanges, opening access to one of the most closely watched moments in global markets.</p>
<div class="lb-trans"><p>, /PRNewswire/ -- Binance 今日宣布推出永续期货合约，旨在让用户在高知名度的私人公司首次公开募股（IPO）之前提前接触市场。该新产品使用户能够在股票开始在公开交易所交易之前对其进行交易，从而打开了全球市场上最受关注时刻的机会。</p>
</div><p>The first Pre-IPO Perpetual Contract to go live on Binance Futures will be SPCXUSDT Pre-IPO Perpetual, based on the anticipated public market valuation of Space Exploration Technologies Corp (&#34;SpaceX&#34;). Additional Pre-IPO perpetual listings will be introduced over time.</p>
<div class="lb-trans"><p>在 Binance Futures 上首个上线的 Pre-IPO 永续合约将是 SPCXUSDT Pre-IPO 永续合约，基于对太空探索技术公司（&#34;SpaceX&#34;）的预期公开市场估值。未来将逐步推出更多的 Pre-IPO 永续合约。</p>
</div><p>The launch also reflects Binance's broader vision of building a financial super app that gives users seamless access to a wider range of financial opportunities through crypto-native infrastructure. By expanding beyond traditional digital asset use cases and connecting users to major market moments, Binance continues to evolve its platform into a more comprehensive gateway for global finance.</p>
<div class="lb-trans"><p>此次推出也反映了 Binance 更广泛的愿景，即构建一个金融超级应用，使用户能够通过加密原生基础设施无缝接入更广泛的金融机会。通过超越传统数字资产的使用案例，并将用户与主要市场时刻连接，Binance 继续将其平台发展为全球金融的更全面的入口。</p>
</div><p><em>&#34;Pre-IPO perpetual futures is another example of how Binance is democratizing access to market opportunities by combining crypto-native infrastructure with major financial events. As interest in public listings continues to grow, we're giving users a more flexible way to engage with anticipated IPOs earlier,&#34;</em> commented Shunyet Jan, Head of Spot and Derivatives Business at Binance. &#34; <em>This launch reflects our vision for Binance as a financial super app — one that offers access to an expanding range of financial opportunities that have traditionally been more difficult to reach.&#34;</em></p>
<div class="lb-trans"><p><em>&#34;Pre-IPO 永续期货是 Binance 如何通过结合加密原生基础设施与重大金融事件来让市场机会民主化的又一个例子。随着公众上市的兴趣持续增长，我们为用户提供了一种更灵活的方式，以更早地参与预期的 IPO，&#34;</em> Binance 现货及衍生品业务负责人 Shunyet Jan 说道。<em>&#34;此次推出反映了我们对 Binance 作为金融超级应用的愿景——一个提供接入不断扩展的金融机会的平台，这些机会在传统上更难以获得。&#34;</em></p>
</div><p>Historically, pre-IPO price discovery has been largely limited to institutional investors and private market participants. Binance's latest offering democratizes that access by enabling a global base of eligible users to engage with market expectations ahead of a company's public debut. By leveraging crypto-native infrastructure, Binance is helping reduce many of the traditional barriers associated with pre-IPO participation.</p>
<div class="lb-trans"><p>历史上，Pre-IPO 价格发现主要限于机构投资者和私人市场参与者。Binance 最新的产品通过使全球合格用户能够在公司公开亮相之前参与市场预期，从而使这一机会民主化。通过利用加密原生基础设施，Binance 正在帮助减少与 Pre-IPO 参与相关的许多传统障碍。</p>
</div><p>Built on perpetual futures rails familiar to digital asset traders, the contracts are designed to offer continuous pricing, trading flexibility, and deep liquidity. Rather than waiting for a stock's public debut, users can trade on expectations before final IPO pricing and beyond, turning a single market event into an active, real-time trading opportunity shaped by evolving sentiment.</p>
<div class="lb-trans"><p>基于数字资产交易者熟悉的永续期货架构，这些合约旨在提供持续定价、交易灵活性和深度流动性。用户无需等待股票的公开亮相，可以在最终 IPO 定价之前及之后根据预期进行交易，将单一市场事件转变为由不断变化的情绪塑造的实时交易机会。</p>
</div><p><strong>How Pre-IPO Perpetuals work:</strong> Ahead of an IPO, the contracts are expected to reflect publicly available pricing signals, including announced price ranges and final offering prices. Once the underlying company begins trading on public markets, the contracts will transition to reflect live market performance. In the event that an IPO is postponed or canceled, Binance will provide advance notice of any delisting and settle contracts according to a transparent process designed to support a consistent user experience. Binance may transition the contract into a standard TradFi perpetual contract framework once it determines that a stable mark price can be derived for the underlying asset.</p>
<div class="lb-trans"><p><strong>Pre-IPO 永续合约的工作原理：</strong> 在 IPO 之前，这些合约预计将反映公开可用的定价信号，包括已公布的价格区间和最终发行价格。一旦基础公司开始在公开市场交易，这些合约将转变为反映实时市场表现。如果 IPO 被推迟或取消，Binance 将提前通知任何退市，并根据透明的流程结算合约，以支持一致的用户体验。一旦确定可以为基础资产推导出稳定的标记价格，Binance 可能会将合约转变为标准的 TradFi 永续合约框架。</p>
</div><p><strong>First Listing Details:</strong> SPCXUSDT Pre-IPO Perpetual is the first Pre-IPO futures contract to be listed on Binance and is expected to provide eligible users with exposure to market expectations surrounding SpaceX ahead of its public listing. The contract will be margined and settled in USDT. Additional information on leverage, tick size, funding rate and listing time can be found <strong>here</strong>.</p>
<div class="lb-trans"><p><strong>首个上市详情：</strong> SPCXUSDT Pre-IPO 永续合约是 Binance 上首个上市的 Pre-IPO 期货合约，预计将为合格用户提供在 SpaceX 公开上市之前接触市场预期的机会。该合约将以 USDT 进行保证金和结算。有关杠杆、最小变动价位、资金费率和上市时间的更多信息，请查看 <strong>这里</strong>。</p>
</div><p># # #</p>
<div class="lb-trans"><p># # #</p>
</div><p><strong>Disclaimer:</strong> Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Pre-IPO Perps are subject to high market risk and price volatility. There may be particularly high volatility following official listing and the price may remain lower than the final IPO price. There is no guarantee that the IPO in respect of a share will proceed. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Pre-IPO Perps do not represent ownership of the relevant underlying share. Pre-IPO Perps are not associated or affiliated with, or sponsored or endorsed by, the issuer of the relevant underlying shares. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Exchange Rules, Clearing Rules, Exchange Procedures, Clearing Procedures, Contract Specifications and Risk Warning.</p>
<div class="lb-trans"><p><strong>免责声明：</strong> 数字资产价格可能会波动。您的投资价值可能会下降或上升，您可能无法收回投资金额。您对自己的投资决策负全部责任，Binance 对您可能遭受的任何损失不承担责任。Pre-IPO 永续合约面临高市场风险和价格波动。在官方上市后，可能会出现特别高的波动，价格可能会低于最终 IPO 价格。不能保证某一股票的 IPO 会进行。您可能会在短时间内被要求进行额外的保证金存款或利息支付。如果未在规定时间内进行所需的保证金存款或利息支付，您的抵押品可能会被清算。此外，您将对账户中任何产生的赤字和利息费用负责。在不利价格变动的情况下，您的所有保证金余额可能会被清算。过去的表现并不能可靠地预测未来的表现。Pre-IPO 永续合约不代表对相关基础股票的所有权。Pre-IPO 永续合约与相关基础股票的发行人没有关联、附属关系，也未获得其赞助或认可。在交易之前，您应根据自己的目标和情况独立评估交易的适当性，包括风险和潜在收益。如有必要，请咨询您自己的顾问。此信息不应被视为财务或投资建议。要了解更多关于如何保护自己，请访问我们的负责任交易页面。有关更多信息，请参见我们的使用条款、交易所规则、清算规则、交易所程序、清算程序、合约规格和风险警告。</p>
</div><p><strong>About Binance</strong></p>
<div class="lb-trans"><p><strong>关于 Binance</strong></p>
</div><p>Binance is a leading global blockchain ecosystem behind the world's largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 310 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com.</p>
<div class="lb-trans"><p>币安是全球领先的区块链生态系统，背后支持着全球最大的加密货币交易所，按交易量和注册用户数计算。币安因其行业领先的安全性、透明度、交易引擎速度、对投资者的保护以及无与伦比的数字资产产品组合而受到来自 100 多个国家超过 3.1 亿人的信任，涵盖交易、金融、教育、研究、社会公益、支付、机构服务和 Web3 功能。币安致力于构建一个包容性的加密生态系统，以增加全球人民的货币自由和金融可及性，以加密货币作为基本手段。欲了解更多信息，请访问：https://www.binance.com。</p>
</div><p>SOURCE Binance</p>
<div class="lb-trans"><p>来源：币安</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwNTIxJk5ld3NJdGVtSWQ9Q042NTA3MyZUcmFuc21pc3Npb25fSWQ9MjAyNjA1MjEwMDMxUFJfTkVXU19VU1BSX19fX19DTjY1MDcz" alt="" original-src="https://rt.prnewswire.com/rt.gif?NewsItemId=CN65073&amp;Transmission_Id=202605210031PR_NEWS_USPR_____CN65073&amp;DateId=20260521"/></p>

币安推出永续期货以获取 Pre-IPO 市场的敞口，首先从 SpaceX 开始