Exchanges· ★★★· neutral·

Kaiko: Anthropic pre-IPO perpetual futures open interest jumps 5x to $57M

  • —Open interest rose from $11M in June-July to $57M on October 1, a 5.1x increase
  • —Binance accounts for 68% of Anthropic perpetual futures open interest
  • —Cross-exchange price spread is about 3%, with OKX and Gate trading 3.1% and 2.8% above the median
  • —Anthropic targets a $1.8T-$2T valuation with a listing expected by year-end
Why it matters: Pre-IPO futures offer an early price signal on Anthropic's listing, but wide spreads and differing share-count assumptions make the implied valuation unreliable.
Source: TokenPost
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