Several crypto trading platforms faced allocation problems during the highly anticipated SpaceX IPO rollout on June 12. It exposes growing pressure on tokenized equity systems as retail demand surged globally.

Binance and Bybit both canceled or refunded portions of their SpaceX IPO-related campaigns. This comes after failing to secure sufficient underlying share allocations. Also, some Robinhood users reported receiving only partial fills on requested shares.

The disruptions come as crypto exchanges increasingly push tokenized stock and IPO products. This is designed to give retail users broader access to traditionally restricted private and public market offerings.

Bybit and Binance halt SpaceX allocation campaigns

Bybit confirmed…