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The Economic Times
The Economic Times

Crypto exchanges cash in on SpaceX frenzy with pre-IPO derivatives

Before SpaceX goes public, crypto exchanges are giving traders a way to make risky bets ​on the company's future share price.

Billions of dollars have flowed into ​instruments dubbed "pre-IPO perpetual futures", which have no direct link to the underlying shares but are priced with reference to ​SpaceX's latest disclosed pre-IPO valuation.

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