SpaceX's $2 trillion initial public offering is so far crowning more winners than losers. One of them is arguably blockchain-based exchanges like Hyperliquid and Binance, which offered perpetual futures on SpaceX in the lead-up to the IPO. Perpetual futures, or "perps" as they're called among traders, are derivative contracts with no expiration date that have gained popularity with international traders and are increasingly becoming a part of U.S.