In brief
- Three crypto exchanges cancelled campaigns that sought to provide access to the SpaceX IPO.
- The firms cited tokenized equity platform xStocks’ inability to land allocations in the IPO.
- Shares of SPCX are up more than 26% from their IPO price of $135.
Crypto exchanges Binance, Bybit, and Bitget all refunded customers hoping to gain access to a tokenized version of SpaceX (SPCX) shares on Friday as Elon Musk’s rocket company saw its price rise amid massive hype.
The crypto firms returned the customer funds after xStocks, the tokenized equities platform, was unable to secure allocations of the underlying shares, they said.
“Due to xStocks’ inability to deliver the underlying assets, no SpaceX allocations were received,”
