Binance Pre-IPO Perpetuals Take 65% Share in Days, Reach $400 Million Volume
Research highlighted by CoinDesk showed Binance's pre-IPO perpetuals captured more than 65% of the category by May 27, days after launching on May 21, with cumulative volume reaching about $400 million. Binance said Quantinuum pre-IPO perpetuals are now live, extending the offering to another company before it goes public.
The rapid gain fits a broader buildup in traditional-finance-linked perpetuals. The same research said Binance's equities perp volume climbed from about $563 million in launch week to $8.5 billion in the last seven days, while the overall TradFi perp market averages roughly $7 billion a day and single-venue share has stayed in a 45% to 60% range over the past two months. Pre-IPO contracts may concentrate activity faster because the underlying names have no alternative trading venue before listing.
From the sources (6 posts)
@coindeskPre-IPO is structurally different: equities and commodities have multiple ways to trade them. Pre-IPO names don't, and perpetuals have stepped into that gap. Even in liquid markets, the perp is where TradFi catalysts land - on May 27, M
@coindeskCommodities are the mature case. The segment holds 65% of total TradFi perp volume month-to-date, with Binance holding >60% of commodities specifically. Across the whole TradFi perp market (~$7B/day), single-venue share has held in t
@coindeskEquities show the pattern in faster motion. Equities perp volume on Binance scaled from ~$563M in launch week to ~$8.5B in the last seven days, roughly 15x in four months, still compounding.
@coindeskRESEARCH: @binance launched Pre-IPO perpetuals on May 21. Within days, the exchange took >60% category share, reaching >65% by May 27 with ~$400M cumulative volume. The category is the newest within TradFi or RWA perps and is foll
@binanceQuantinuum Pre-IPO Perps are now live. Get exposure to Quantinuum before it goes public. Learn more 👉
@crypto_holding_🚀 #Binance just launched Pre-IPO Perpetual Futures — starting with #SpaceX. ➡️ For the first time, #crypto traders can get real #market exposure to one of the most anticipated IPOs in history before it even lists. No private allocations. N