Blockchain.com has introduced continuous perpetual trading services for institutional clients via its OTC desk, expanding market access beyond traditional trading hours. This new offering covers multiple asset classes such as stocks, equity indices, commodities, and foreign exchange, providing investors with 24/7 opportunities to hedge or adjust positions—including weekends when most conventional markets are closed.
A standout feature of the launch is a perpetual contract linked to SpaceX's anticipated public offering, allowing qualified investors to take positions tied to the aerospace firm’s expected IPO. According to Blockchain.com, this contract is currently active and accessible through its OTC desk, providing exposure to one of the most anticipated market events.
The platform is designed to support a variety of institutional players, including options desks managing complex exposures, macro funds trading cross-asset portfolios, and investors targeting pre-IPO opportunities. This development follows Blockchain.com’s earlier rollout of perpetual futures trading within its self-custody wallet, which initially featured cryptocurrency markets before expanding into broader asset classes.
Industry momentum around SpaceX’s IPO has intensified after reports of a confidential filing with the US Securities and Exchange Commission and a potential valuation exceeding $1.75 trillion. This has spurred numerous crypto exchanges to launch pre-IPO trading products linked to SpaceX, reflecting growing demand for innovative market instruments that operate outside traditional frameworks.
Other exchanges, including Binance, Kraken, and Bybit, have introduced similar products offering futures or tokenized shares tied to SpaceX’s listing. For instance, Binance debuted USDT-settled pre-IPO perpetual futures, while Kraken launched tokenized shares backed 1:1 by the underlying stock through its xStocks IPO Access platform. These offerings collectively underscore a shift toward greater liquidity and 24/7 trading in private-market assets within crypto ecosystems.
Blockchain.com’s new perpetual trading service marks a significant step in bridging institutional markets and evolving digital asset platforms, enhancing continuous market access for clients seeking diversified exposure and risk management tools across traditional and emerging asset classes.