TradeXYZ plans to launch a pre-IPO perpetual contract market: providing a continuous trading market for valuation speculation.

CoinFeed reported on May 1st that the official documentation of the decentralized exchange TradeXYZ has added content on the Pre-IPO Perpetuals market. This product is reportedly a perpetual derivatives market built around the expectation of a company's public listing, aiming to provide a continuous trading mechanism for pre-IPO price discovery. This product is not a stock, IPO allocation, tokenized equity, or security interest. Holders do not have ownership, voting rights, dividend rights, or any claim on the underlying company. Furthermore, it adopts an internal pricing mechanism similar to Hyperps, not relying on external spot or index oracles, but rather forming a reference price through the market itself.