OKX Expands Pre-IPO Markets in Europe Amid Growing Demand
Crypto exchange OKX has expanded its offerings in Europe by launching pre-IPO perpetual futures for AI companies OpenAI and Anthropic. This move follows a growing trend of exchanges offering traders a way to speculate on private companies they can't easily buy shares in.
Pre-IPO perpetual futures allow traders to bet on the valuation movement of these companies, with the ability to go long or short using up to 10 times leverage. However, this does not grant ownership stakes in the companies.
OKX is not alone in offering pre-IPO markets for OpenAI and Anthropic, as Hyperliquid has already established similar markets through HIP-3, while Binance offers pre-IPO perpetual contracts for both companies.
The launch comes alongside OKX's expansion into tokenized stocks, which now includes 100 stocks and exchange-traded funds (ETFs) available for trading around the clock. These tokens track the price of the underlying security but do not grant actual shares or voting rights.