Binance Futures will launch a perpetual futures contract tied to SpaceX stock on July 20 that settles in USD1, the stablecoin issued by the Trump-linked World Liberty Financial—the first equity contract on the exchange to use USD1 as its settlement asset.
The SPCXUSD1 perpetual contract goes live at 09:00 UTC on July 20, according to a Binance notice dated July 17. It is a USDⓈ-M perpetual tied to Space Exploration Technologies Corp. (Nasdaq: SPCX), the rocket company that completed the largest IPO in history in June, and settles in USD1 rather than the tether (USDT) Binance uses for most of its contracts.
The contract offers up to 25x maximum leverage and trades 24/7, with a tick size of 0.01, a minimum trade size of 0.01 SPCX, and a minimum notional value of 5 USD1. Funding fees settle every eight hours, with the rate capped at plus or minus 1.00%. Binance said the specifications may be adjusted over time based on market risk conditions.
The listing is the latest step in Binance’s expansion of traditional finance products, which now spans single stocks, ETFs and pre-IPO contracts alongside its crypto derivatives.
What Makes This One Different
Binance already lists a wide range of equity perpetuals, tracking Tesla, Nvidia, Apple, and, more recently, names like SK Hynix and Wendy’s, but those settle in USDT. SPCXUSD1 is the first stock-linked contract on the exchange to settle in USD1.
That distinction places SpaceX at the leading edge of a settlement shift Binance has been building since spring. On May 18, the exchange launched BTCUSD1, its first perpetual to use USD1 as the trading and settlement unit, followed by an ETHUSD1 contract on July 3. Before those launches, USD1 functioned only as secondary collateral on Binance — traders used it to borrow USDT rather than to settle positions directly.
With the SpaceX contract, that USD1-settlement program now reaches equities. World Liberty Financial chief executive Zach Witkoff described the BTC launch as a step toward making USD1 “a core settlement asset across global crypto trading,” and the SPCX listing extends that push from crypto into stocks.
The Stablecoin at the Center
USD1 is not a neutral choice of settlement rail. The stablecoin is issued by World Liberty Financial, the digital-asset venture co-founded by President Donald Trump and his sons, and has grown rapidly to roughly $5 billion in market capitalization, ranking among the largest dollar-pegged tokens less than a year after launch.
Its ties to Binance are unusually deep. According to Forbes reporting, Binance holds approximately 87% of all USD1 in circulation across its own wallets and user accounts—the highest concentration of any major stablecoin at a single exchange. The relationship sits against a notable political backdrop: Trump pardoned Binance founder Changpeng Zhao in October 2025, and World Liberty Financial has been estimated to have added around $1 billion to the president’s net worth.
Routing a flagship equity contract through USD1 therefore does more than add a trading pair. It deepens the commercial link between the world’s largest crypto exchange and a stablecoin tied to the sitting US president, using one of the most closely watched stocks of 2026 as the vehicle.
The Broader TradFi Push
The contract also reflects how far Binance has moved into equity exposure. SpaceX has already been one of the exchange’s most-traded products: its pre-IPO and post-listing SpaceX perpetuals drew more than $9 billion in cumulative volume, and SPCXUSDT briefly became Binance’s second-largest contract by volume after Bitcoin in the days following the IPO.
These instruments are derivatives, not tokenized shares. A trader taking a position on SPCXUSD1 gains exposure to SpaceX’s price movements but holds no equity, no voting rights, and no dividend—the same structure that lets crypto exchanges list equity-referenced perpetuals without the contracts becoming registered securities. Binance operates its TradFi perpetuals through an entity regulated by Abu Dhabi Global Market and is barred from serving US customers under its 2023 settlement.
For traders in eligible jurisdictions, the appeal is access: leveraged, round-the-clock exposure to a marquee US stock without a brokerage account. What the SpaceX listing adds is the settlement layer, and with USD1, that layer now runs through the Trump family’s stablecoin.
Also Read: Retail Couldn’t Buy SpaceX, So They Traded $9 Billion of It on Binance
