BitMart subscription users achieve a 40% real allocation of SpaceX, open for trading, no lock-up period.

CN
3 hours ago

The leading global cryptocurrency trading platform BitMart announced today that the tokenized fund equity bSPCX, linked to SpaceX (NASDAQ: SPCX), has launched via BitMart IPOPrime, and after its listing on NASDAQ this morning with an issuance price of $135, bSPCX will officially open for trading on the BitMart secondary market once liquidity conditions are met.

The key today is "share lock-up." The market demand for SpaceX far exceeds supply, and several platforms have switched to full refunds due to not receiving allocations. BitMart secured first-hand allocation resources and distributed them to every IPOPrime subscription user - no one leaves empty-handed. Each user's subscription is proportionally allocated (with an average real win rate of about 40%), and any unallocated portion will be automatically refunded.

Since bSPCX does not have a lock-up period for the underlying assets, holders can trade and exit immediately at the real-time NASDAQ reference price - it is not a synthetic index, and there’s no need to wait six months.

BitMart's global CEO Nenter Chow stated: "When demand exceeds supply, being able to get the product is everything. We secured the allocation and ensured that every subscription user received their share - and there’s no lock-up period, they can act today, not six months later."

Learn more about bSPCX and BitMart IPOPrime: https://www.bitmart.com/en-US/ipoprime/space-x

bSPCX represents the tokenized rights of actual SpaceX equity held in a fund, and the relevant equity is sourced through leading investment banks. This announcement does not constitute an offer to purchase shares of SpaceX, Inc. BitMart is not affiliated with SpaceX, nor has it been endorsed by them. Participation may depend on the jurisdiction, and regions such as the U.S., U.K., and sanctioned areas are not covered. Trading involves risks, and past performance does not guarantee future results.

About BitMart

BitMart is a leading global digital asset trading platform, with over 13 million users worldwide, consistently ranked among the top exchanges on CoinGecko. It offers over 1,700 trading pairs and competitive rates, committed to enabling global users to safely and conveniently participate in digital asset investment through continuous innovation.

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