How Coinbase’s OpenAI & Anthropic Pre-IPO Futures Work

1 hour ago 5

Key Takeaways

Coinbase launched ANTHROPIC-PERP and OPENAI-PERP pre-IPO futures on June 22.
The contracts are USDC-settled and track each company’s private valuation.
They convey no equity, ownership, voting rights, or dividends.
US persons cannot trade them; they are for eligible non-US users only.
At IPO, the contract auto-converts to a standard stock perpetual future.

It is a way to bet on private valuations, and it carries risks that go beyond ordinary crypto trading.

Two of the biggest upcoming IPOs:

OpenAI and Anthropic.

Get exposure to both now on Coinbase, with pre-IPO perps.

Start trading before they go public. pic.twitter.com/YCUNy9YsUT

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