Bybit Launches IPO Express with SpaceX-Related Token on June 7

SPCX4.18%
According to Bybit, the Dubai-based crypto exchange launched IPO Express on June 7, a product enabling eligible users to subscribe to tokenized initial public offerings. The debut offering features a SpaceX-related token powered by xStocks from Payward Services, parent company of Kraken. Registration runs June 7–11, with allocations due June 11–12 and spot trading scheduled to begin June 12. Users must complete KYC Level 1, hold VIP or PRO status, and use main accounts. Bybit clarified that SpaceX is not conducting or endorsing an IPO through the platform and remains private.
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