Crypto companies are competing to attract retail investors ahead of SpaceX\'s initial public offering, rolling out products ranging from prediction markets to tokenised assets and perpetual futures. The offerings allow trading on SpaceX price moves without a traditional brokerage account, though most do not provide direct share ownership, dividends, voting rights or claims on assets. Platforms such as Polymarket, Myriad, Kraken-linked services, Coinbase International, Hyperliquid and Backpack have launched related products, reviving investor-protection and regulatory concerns.

Prediction market Kalshi has started trading XRP perpetual futures contracts, expanding its so-called American Perpetuals offering for U.S. traders. The launch follows a shift in the U.S. regulatory environment after the Commodity Futures Trading Commission allowed Kalshi to offer its first bitcoin-linked perpetual futures product. Kalshi submitted derivatives tied to 12 major altcoins, including ether, solana, dogecoin and XRP. Trading volume on its crypto perpetuals platform reached $100 million within 24 hours of launch.