Anthropic Pre-IPO Contracts Test Liquidity Ahead of Planned IPO

Anthropic's planned IPO could force a growing crypto derivatives market to reconcile its synthetic valuation with Wall Street's actual price.

The pre-IPO perpetual contracts linked to the artificial-intelligence company generated $643 million in trading across 12 crypto venues through Sept. 21, exceeding the $590 million recorded in all of August, according to Binance Research.

About $80 million of Anthropic-linked open interest was outstanding at the September snapshot.

Binance's ANTHROPICUSDT perpetual fell 0.89% to $2,084 from $2,103 during a weekend when reports indicated a potential shift in the company's listing timetable.