Jupiter Exchange Introduces Perpetual Futures for SPCX, HYPE, and ZEC on Solana

Jupiter Exchange has expanded its offerings by introducing perpetual futures markets for three new assets: tokenized SpaceX equity (SPCX), Hyperliquid’s native token (HYPE), and privacy-focused Zcash (ZEC). These new listings went live on September 22, alongside perpetual futures for JUP, SNDK, and SKHYNIX.

The new contracts allow traders to utilize up to 20x leverage with USDC as collateral, enabling them to take long or short positions without needing to hold the underlying assets. In contrast, JUP perpetuals are capped at 10x leverage.

These markets operate on the GUM orderbook engine, which differs from the JLP liquidity pool that supports Jupiter’s original perpetual markets for SOL, ETH, and wBTC. Price feeds are sourced from Chainlink oracles, and funding rates are settled hourly, a departure from the eight-hour intervals typical of centralized exchanges. Notably, these markets operate around the clock, which is significant for SPCX, as SpaceX shares do not have a 24/7 spot market.

SPCX stands out as the most intriguing addition, representing tokenized shares of SpaceX, which was first launched on Solana in June 2026. As SpaceX remains a private entity, traditional retail investors have limited access to its equity, making tokenized versions on-chain a valuable alternative. HYPE adds a layer of cross-protocol interest, as Hyperliquid operates its own perpetual futures exchange, effectively listing a competitor’s token as a tradeable derivative. ZEC, one of the oldest privacy coins, rounds out the trio.

Access to these beta markets is restricted; traders must stake at least 69 JUP tokens for early entry. This expansion from a DEX aggregator to a derivatives platform marks a significant evolution for Jupiter, which originally focused on routing trades across multiple liquidity sources to secure the best execution prices.