Markets· ★★★· neutral·

Crypto markets price Anthropic at $1.9 trillion ahead of IPO

  • —Quotes across seven venues range from $1.87 trillion to $1.92 trillion
  • —ANT on trade.xyz opened at $138 and traded near $115 by Tuesday
  • —Seven prior pre-IPO perps missed the opening trade by about 25% on average
  • —Contracts are barred to US residents and grant no actual shares
Why it matters: Pre-IPO crypto perps are becoming a demand gauge for private tech, but their track record on listing day remains weak.
Source: Unchained