Key Takeaways
- • PrimeXBT, a global multi-asset broker and crypto asset service provider, is preparing to launch Pre-IPO Trading, beginning with an ANTHROPIC/USDT perpetual futures contract tied to Anthropic's market-implied valuation.
- • PrimeXBT introduced seven Tokenized Stock Crypto Futures in October linked to SpaceX, NVIDIA, Tesla, Circle, Apple, Alphabet and Robinhood, trading 24/7 with USDT quotation.
- • Anthropic filed its public IPO registration with the SEC on October 26, proposing a Nasdaq listing under the ticker ANT with an indicative price range of $70–$78 per share and trading expected to begin November 19.
- • The ANTHROPIC/USDT contract has no official share price to follow, is priced via a live order book on an assumed one billion notional shares, and may be converted, settled or delisted upon IPO or cancellation.
- • This article is sponsored content written by a third party for PrimeXBT and is not an independent editorial assessment.
Summary
Perpetual futures, long associated with cryptocurrencies, are expanding into equities and pre-IPO companies. The article, a sponsored piece published via CryptoPotato, cites CoinGecko Research figures reported by Forbes showing crypto perpetuals average approximately $4.7 trillion in monthly trading volume. Major exchanges earlier this year introduced contracts linked to private companies such as SpaceX and OpenAI, with similar instruments on Anthropic later appearing on other venues. These USDT-quoted derivatives let traders take long or short positions without owning the underlying shares. For listed companies, prices track the underlying stock; for private companies, prices reflect market expectations about valuation and listing timing.
PrimeXBT began offering company-linked contracts in October with seven Tokenized Stock Crypto Futures tied to SpaceX, NVIDIA, Tesla, Circle, Apple, Alphabet and Robinhood. The broker's PXTrader 2.0 platform offers more than 350 markets, including Crypto Futures and CFDs on forex, commodities, indices, shares and cryptocurrencies, with accounts denominated in USD, USDT, USDC, BTC and ETH. The article cites SpaceX's June IPO, which priced at $135, opened at $150 and closed its first day at $160.95, approximately 19% above the offer price, as an example of how pre-listing expectations can diverge from trading prices.
PrimeXBT is now preparing Pre-IPO Trading beginning with ANTHROPIC/USDT, a 24/7 USDT-margined perpetual. According to the article, Anthropic filed its public IPO registration with the US Securities and Exchange Commission on October 26, proposing a Nasdaq listing under the ticker ANT. The filing was subsequently updated with an indicative offering price of $70–$78 per share, with public trading expected to begin November 19. Because Anthropic has no official share price yet, the contract will be priced through a live order book, with one contract representing one notional share, an assumption the article states does not reflect Anthropic's official share count or valuation.
Following a public debut, the contract is designed to transition into a standard perpetual linked to the listed stock. If the IPO is cancelled, the contract may be delisted, with open positions closed or settled at a reference price after advance notice. It will not convert into actual shares. The product disclosures state the instrument is not issued, sponsored or endorsed by Anthropic, that prices may differ materially from any official valuation or IPO price, and that funding fees apply. The broker's risk disclaimer notes that leveraged products carry a high risk of rapid capital loss and may not suit all investors.
PrimeXBT began offering company-linked contracts in October with seven Tokenized Stock Crypto Futures tied to SpaceX, NVIDIA, Tesla, Circle, Apple, Alphabet and Robinhood. The broker's PXTrader 2.0 platform offers more than 350 markets, including Crypto Futures and CFDs on forex, commodities, indices, shares and cryptocurrencies, with accounts denominated in USD, USDT, USDC, BTC and ETH. The article cites SpaceX's June IPO, which priced at $135, opened at $150 and closed its first day at $160.95, approximately 19% above the offer price, as an example of how pre-listing expectations can diverge from trading prices.
PrimeXBT is now preparing Pre-IPO Trading beginning with ANTHROPIC/USDT, a 24/7 USDT-margined perpetual. According to the article, Anthropic filed its public IPO registration with the US Securities and Exchange Commission on October 26, proposing a Nasdaq listing under the ticker ANT. The filing was subsequently updated with an indicative offering price of $70–$78 per share, with public trading expected to begin November 19. Because Anthropic has no official share price yet, the contract will be priced through a live order book, with one contract representing one notional share, an assumption the article states does not reflect Anthropic's official share count or valuation.
Following a public debut, the contract is designed to transition into a standard perpetual linked to the listed stock. If the IPO is cancelled, the contract may be delisted, with open positions closed or settled at a reference price after advance notice. It will not convert into actual shares. The product disclosures state the instrument is not issued, sponsored or endorsed by Anthropic, that prices may differ materially from any official valuation or IPO price, and that funding fees apply. The broker's risk disclaimer notes that leveraged products carry a high risk of rapid capital loss and may not suit all investors.
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