OKX launches pre-IPO trading for OpenAI and Anthropic in Europe

Digital FinanceProduct / TechRegulation
โดย NADA NEWS·EU·Read original
Summary · why it matters

Crypto exchange OKX said on September 10 that it has begun offering "pre-IPO X-Perps" in the European market that track the enterprise value of OpenAI and Anthropic. The product is not the companies' shares themselves but a derivative tied to changes in their enterprise value, allowing investors to use leverage of up to 10x and trade both long and short, though it grants no actual shares, voting rights, or rights to acquire future shares. Similar products are also offered by Hyperliquid and Binance, which run markets linked to OpenAI and Anthropic, and the trend is spreading across other crypto exchanges. Separately, OKX has also begun handling tokenized equities in Europe, offering round-the-clock, year-round trading in 100 markets including shares of SpaceX, Alphabet, NVIDIA, and Palantir, as well as SPY and QQQ. These track the underlying asset prices but do not confer actual shares or voting rights, and some can be transferred to a self-custody wallet and held there, according to OKX.

Impact on stocks 4

Artificial Intelligence▲ · 2 stocks
Defense & Geopolitical Fragmentation▲ · 1 stocks
Space Economy▲ · 1 stocks

Theme Impact 2

Off-coverage companies 4

OKXPrivate▲ Positive
Demandrelevance

OKX itself launches pre-IPO X-Perps for OpenAI and Anthropic plus tokenized equities in Europe, expanding its product offerings.

AnthropicPrivate± Mixed
Capitalrelevance

OKX launches pre-IPO X-Perps tracking Anthropic's enterprise value, a derivative giving no actual shares or voting rights.

OpenAIPrivate± Mixed
relevance

OKX launched pre-IPO X-Perps tracking OpenAI's enterprise value, but these are derivatives granting no shares or rights, so the impact on OpenAI itself is unclear.

BinancePrivate± Mixed
relevance

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