Apr 20
Bitget Opens IPO Prime Subscription As preSPAX Sale Gets Underway
Crypto exchange Bitget's new IPO Prime platform pulled $72.36 million from 4,812 buyers for a tokenized SpaceX product, raising fresh questions.
➤ Bitget has launched its IPO Prime platform, allowing users to subscribe to pre-IPO access for a tokenized SpaceX product called preSPAX. ➤ The offering is structured using stablecoins, with participants receiving tokens that track economic outcomes rather than direct equity, and will be tradable on a spot market. ➤ This initiative aims to provide continuous price discovery for pre-IPO investments, a feature typically absent in traditional markets.