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Fu Peng: Crypto investors are accelerating their embrace of traditional assets, and the “great integration” is reshaping the boundaries of financial markets
This month, cryptocurrency investors have already taken part in SpaceX IPO-related activities through pre-IPO perpetual futures and tokenized stocks. These products allow users to speculate on the valuations of private companies before their public offerings, further breaking down barriers between public and private markets. The trading volume of pre-IPO perpetual futures surged from around $1 billion in early May to nearly $22 billion within a few weeks.