Binance Launches Pre-IPO Perpetual Futures Contracts

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 6 days ago

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Product Launch: Binance has introduced pre-IPO perpetual futures contracts with SpaceX as the inaugural market, allowing traders to take long or short positions on SpaceX's implied valuation without owning actual shares, marking an innovative step in Binance's derivatives offerings.
Market Positioning: These contracts are derivatives rather than equities, meaning traders do not receive ownership rights, dividends, or voting power, with prices based on synthetic valuations from private markets and settled in cryptocurrency, showcasing Binance's competitiveness in the traditional asset derivatives space.
Investor Attraction: By selecting SpaceX as the first listing, Binance draws significant attention beyond crypto-native traders, potentially providing retail investors access to one of the world's most valuable private companies, thereby expanding its market influence.
Risk Advisory: The new product carries distinct risks on illiquid underlying assets, as the reference price relies on private market transaction data, and the regulatory uncertainty surrounding these products may affect compliance, necessitating traders to carefully assess potential losses.

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Technical Analysis for ACH

Technical Sentiment Analysis for Alchemy Pay (ACH). As of , Alchemy Pay (ACH) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ACH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ACH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Alchemy Pay (ACH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00498	0.00559	0.00612	0.00673	0.00726	0.00787	0.0084
Fibonacci	0.00559	0.00603	0.0063	0.00673	0.00717	0.00744	0.00787

About ACH

Founded in Singapore in 2018, Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. It provides online and offline merchants with convenient acceptance of both fiat and crypto, enables easy onboarding to blockchain ecosystems, and makes web3 services highly accessible. Today, Alchemy Pay is supported in over 70 countries with 300 payment channels, has touchpoints with more than 2 million merchants through partnerships with industry leaders such as Binance, Shopify, NIUM, and QFPay. Alchemy Pay’s token ACH, is an ERC20 native to the Ethereum blockchain.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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