OKX Rolls Out Pre-IPO Contracts for OpenAI and Anthropic
OKX has rolled out Pre-IPO perpetual contracts for OpenAI and Anthropic in Europe, allowing traders to bet on the estimated values of the two AI companies before they go public. The product allows traders to use up to 10 times leverage but does not grant them actual ownership or voting rights.
This offering is not exclusive to OKX, as other platforms like Hyperliquid and Binance have already introduced similar products for these companies.
According to OKX, such contracts are meant to cater to the demand for long-term exposure to large tech companies that may not be listed on public markets yet. The platform has also launched 100 tokenized stocks and ETFs, including Nvidia, Alphabet, Palantir, SPY, and QQQ.
These tokens track the prices of the underlying securities but do not grant actual ownership or voting rights. They can be withdrawn to a self-custodied wallet in some cases.