OKX Launches Pre-IPO Futures for OpenAI and Anthropic in Europe

OKX Adds AI Company Bets to European Offerings

Crypto exchange OKX has launched pre-IPO perpetual futures tied to OpenAI and Anthropic valuations in Europe. This lets eligible traders speculate on how these private AI company valuations will move without owning shares.

Alongside this, OKX has added 100 tokenized stocks and ETFs, including Nvidia, Alphabet, and Palantir, for around-the-clock trading. Tokenized stocks track the price of underlying securities but do not give holders actual shares or voting rights.

Key Points from the Launch

• Traders can go long or short with up to 10x leverage on OpenAI and Anthropic valuations.
• The products are not substitutes for company shares but offer a route to speculate on private companies.
• OKX joins other crypto exchanges like Hyperliquid and Binance in offering pre-IPO markets for private companies.
• The exchange also introduced 100 tokenized stocks and ETFs, such as SPY and QQQ, for European traders.

What OKX Europe CEO Says About Demand

Erald Ghoos, OKX Europe CEO, stated in a company announcement that demand for derivatives trading has been growing. According to OKX, European trading volume in its X-Perps increased fourfold since the MiCA transition period ended in July.

How Other Exchanges Are Offering Similar Products

Hyperliquid provides markets tied to OpenAI and Anthropic through HIP-3, while Binance offers pre-IPO perpetual contracts for both companies. This trend reflects growing interest in large private technology firms that remain off public markets.

Confirmed Facts from the Sources

• OKX has launched pre-IPO perpetual futures for OpenAI and Anthropic in Europe.
• These futures allow trading with up to 10x leverage on company valuations.
• OKX added 100 tokenized stocks and ETFs, including Nvidia, Alphabet, and Palantir, with some withdrawable to self-custody wallets.
• European trading volume in OKX's X-Perps rose fourfold after MiCA's transition period ended in July.
• Hyperliquid and Binance also offer pre-IPO markets for OpenAI and Anthropic.

Why This Matters for Traders

These products provide European traders with new ways to access valuations of high-profile private companies like OpenAI and Anthropic, which are otherwise difficult for individual investors to invest in directly. The tokenized stocks offer 24/7 exposure to traditional markets like Nvidia and Alphabet through cryptocurrency platforms.

Source of This Article

• CoinDesk