Coinbase launches pre-IPO perpetual futures tied to Anthropic, OpenAI after SpaceX (COIN:NASDAQ)

Coinbase launches pre-IPO perpetual futures tied to Anthropic, OpenAI after SpaceX (COIN:NASDAQ)

Coinbase Global (COIN) is now said to be offering traders pre-IPO perpetual futures tied to Anthropic (ANTHRO) and OpenAI (OPENAI).

OpenAI and Anthropic Pre-IPO Trading: Coinbase Launches Exposure to 2 AI Giants Still Private

Coinbase has launched pre-IPO perpetual futures linked to OpenAI and Anthropic, giving eligible non-U.S. traders a new way to track the valuations of two prominent private AI firms. The contracts are settled in USDC and are designed to transition...

How Coinbase’s OpenAI & Anthropic Pre-IPO Futures Work

Key Takeaways Coinbase launched ANTHROPIC-PERP and OPENAI-PERP pre-IPO futures on June 22. The contracts are USDC-settled and track each company’s private valuation. They convey no equity, ownership, voting rights, or dividends. US persons cannot trade them; they are for eligible non-US users only. At IPO, the contract auto-converts to a standard stock perpetual future. It is a way to bet on private valuations, and it carries risks that go beyo…