Pre-IPO perps on Coinbase open up access to get exposure to early price discovery on top companies. SpaceX was the first. Anthropic and OpenAI are up next. Legal stuff: Pre-IPO perps are live for eligible non-US users in select markets via Coinbase Bermuda Ltd (BMA-licensed). These differ from standard perps: specialised pre-IPO index pricing, IPO conversion risk, lower liquidity & higher volatility = elevated risk. Only trade what you understand. Not affiliated with, sponsored, or endorsed by SpaceX. Learn more in our Help Centre.