Exchanges· ★★★· neutral·

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