
Binance details per-second mark for Anthropic perpetuals as 21Shares launches synthetic ETP
- —Binance's Anthropic mark updates every second from trades over a rolling 10–100 second window
- —Per-second mark moves are capped at 1% in either direction
- —A trailing 100-trade fallback applies during low-activity periods
- —21Shares ETP holders are unsecured creditors of a Cayman Islands issuer
Why it matters: Synthetic Anthropic exposure carries counterparty risk: if FalconX defaults, ETP holders could lose principal regardless of the reference price.
Source: CryptoSlate