Binance Anthropic Contract Implies $2.1 Trillion Valuation

Binance's pre-IPO perpetual contract for Anthropic has reached an implied valuation of over $2.1 trillion, surpassing even its May Series H financing valuation of $965 billion.

The figure is based on the contract trading above $2,100 and using Binance's estimated one-billion-share denominator.

According to a snapshot taken at 14:45 UTC on September 9, the contract had reached $2,168.26 with $26.1 million in open interest and $24.76 million in 24-hour volume.

The market for pre-IPO contracts can be fragile due to factors such as thin trading and a lack of physical shorting ability.