Bitget becomes first exchange to offer Pre-IPO Access

A new platform offering IPO Prime services was introduced by the crypto exchange Bitget. The goal is clear, to provide retail investors with an opportunity to participate in pre-IPO trading of private businesses.

As for now, there is just one product that is tied to SpaceX, but rather not its stock but a special token preSPAX. It doesn't allow you to purchase SpaceX's stocks because they are private. Instead, you will be buying the crypto equivalent of your share of the company which will reflect the performance once it goes public.

There are two things to remember here. First, this is not ownership over SpaceX. Second, it doesn't provide any rights like voting or dividends payments.

However, this platform will give regular traders an opportunity to gain insight into private business activities through the crypto mechanism. While such opportunities usually are available only for large-scale investors or financial organizations, this approach allows Bitget to provide such services in the crypto ecosystem.

The introduction of IPO Prime is quite timely as more exchanges start to follow the same trend. For example, the similar service is already offered by Coinbase, while other platforms are still exploring possibilities of pre-IPO trades within their ecosystem.

In general, the combination of traditional trading methods and cryptocurrency opens new perspectives for Bitget's users.