Binance Ignites Frenzy in SpaceX Trading with Tokenized Share Launch

Binance has sparked a frenzy in SpaceX trading by launching tokenized shares on its platform. The exchange listed SPCXB, a tokenized version of SpaceX stock, on its spot market with trading for the SPCXB/USDT pair going live at 17:00 UTC.

The move comes as investor interest in SpaceX-related products continues to grow across both traditional and crypto markets. According to Binance data, the exchange now controls more than 60% of the market for SpaceX perpetual futures trading.

Rival exchanges like Coinbase have also launched tokenized shares backed one-for-one by underlying stock for companies including SpaceX. However, they faced difficulties offering SpaceX-linked tokenized products due to issues with tokenization provider xStocks.