Coinbase officially launches SpaceX Pre-IPO perpetual contracts, open to non-U.S. users

Coinbase announced on the X platform that the Pre-IPO perpetual contract has been launched on Coinbase, with the first underlying asset being SpaceX, and it is now open for trading to eligible non-U.S. users. This contract supports 24/7 trading, settles in USDC, and has no expiration date. After the IPO, the related positions will automatically convert to regular perpetual contracts without the need for any action.