Kraken Drops OpenAI And Anthropic Pre IPO Perps

Crypto exchange Kraken just rolled out a brand new offering for traders who want exposure to artificial intelligence companies before they go public. Users can now trade perpetual futures tied to private giants OpenAI and Anthropic. These contracts feature up to 5x leverage and use synthetic pricing models to track company valuations.

It is worth noting that holding these perpetual contracts does not grant any actual equity ownership in OpenAI or Anthropic. Instead, the products allow market participants to speculate on the future valuation of these artificial intelligence leaders using crypto margins, bridging the gap between traditional tech startups and digital assets.

This move highlights the growing demand for pre IPO market access as top artificial intelligence startups stay private longer. Observers will be watching to see if trading volume picks up on these synthetic products and if regulators take a closer look at offering derivatives on private company valuations.