Key facts
- Coinbase has launched pre-IPO perpetual futures for AI companies OpenAI and Anthropic.
Coinbase has launched perpetual futures contracts for pre-IPO shares of AI companies OpenAI and Anthropic, allowing traders to speculate on their future valuations before they go public. This follows Coinbase's recent launch of SpaceX pre-IPO futures and intensifies competition with Binance in the pre-IPO derivatives market.
Coinbase's expansion into pre-IPO futures for major AI companies like OpenAI and Anthropic offers new avenues for speculative trading and reflects growing institutional interest in the pre-public market. It also highlights the intensifying competition between major crypto exchanges in offering innovative derivative products.
Coinbase has officially launched pre-IPO perpetual futures contracts for AI powerhouses OpenAI and Anthropic, allowing traders to speculate on the future valuations of these companies before they go public. The markets for ANTHROPIC-PERP and OPENAI-PERP are now in full trading mode, with various order types available.
This strategic move by Coinbase comes weeks after the successful introduction of similar futures contracts for SpaceX. The exchange has signaled its intent to further develop its pre-IPO perpetual futures offerings, indicating more products may be on the way.
The pre-IPO futures market has seen increasing competition, with Binance having secured an early mover advantage by launching its own SpaceX pre-IPO contracts ahead of Coinbase. Binance also took the lead in offering OpenAI pre-IPO perpetual futures and had previously revealed a similar contract for Anthropic.
Traders can now gain exposure to the potential market performance of OpenAI and Anthropic prior to their public listings through these derivative products on Coinbase.