[Binance to Launch SPCXUSDT Pre-IPO Perpetual Contract on May 21, 2026] Odaily Planet Daily News: According to the official announcement, Binance will launch the SPCXUSDT Pre-IPO Perpetual Contract (denominated in USDT) on May 21, 2026, at 04:45 (UTC). The contract will feature a maximum leverage of 5x and support multi-asset mode. The underlying asset of the contract is Space Exploration Technologies Corp. (SPCX), with settlement in USDT. The minimum trading volume is 0.01 SPCX, and the minimum notional value is 5 USDT. During the Pre-IPO trading period, the funding rate cap is +0.005% every 8 hours. After transitioning to standard perpetual contracts, the funding rate range will be +2.00%/-2.00%. The contract will enable copy trading functionality within 24 hours of its launch.