Anthropic Implied Valuation Skyrockets to Nearly $2 Trillion on Crypto Exchanges
The AI safety lab behind the Claude model family, Anthropic, has seen its implied valuation skyrocket to nearly $2 trillion on crypto exchanges. This surge in value comes from synthetic perpetual futures tied to Anthropic, which have been trading at levels that imply a company worth roughly twice what its most recent fundraise suggested.
The Binance's ANTHROPICUSDT contract traded between $1,600 and $1,842 in mid-August 2026, translating to an implied valuation of $1.6 trillion to $1.84 trillion. Meanwhile, Entropy's ANTH perpetual on Hyperliquid pushed even higher, trading near $2,005 and implying a valuation north of $2 trillion.
This frenzy is playing out in the crypto-native derivatives market, which runs 24/7 and attracts global capital with minimal friction. It tends to attract speculators willing to pay a premium for continuous access to AI exposure, unlike traditional secondary share sales that are slow, illiquid, and gated behind accreditation requirements.