OKX Expands European Offerings with OpenAI and Anthropic Valuation Bets

The cryptocurrency exchange OKX has expanded its offerings in Europe by introducing new products that allow traders to speculate on the valuation of OpenAI and Anthropic, two prominent artificial intelligence companies.

The new products are called 'pre-IPO perpetual' contracts, which are a type of leveraged financial instrument. These contracts enable traders to bet on the potential increase or decrease in value of OpenAI and Anthropic without actually owning shares in these companies.

According to OKX, the pre-IPO perpetual contracts do not provide ownership or voting rights in OpenAI or Anthropic. Instead, they allow traders to speculate on the change in valuation of these companies. The contracts have a leverage of up to 10 times, which means that potential gains and losses can be significantly amplified.