Markets· ★★★· neutral·

Anthropic pre-IPO perpetual volume hits $643M as IPO repricing risk looms

  • —Anthropic pre-IPO perpetual volume hit $643M through Sept. 21, versus $590M for all of August
  • —Anthropic-linked open interest stood near $80M at the September snapshot
  • —Binance open interest rose 88% in 30 days to $31.2M from $16.6M
  • —Combined Anthropic and OpenAI pre-IPO perpetual OI topped $160M, up from about $1M in April
Why it matters: An Anthropic IPO would introduce a real share price, and convergence with the crypto-implied valuation could shift margin, collateral and liquidation levels.
Source: CryptoSlate
More on this
Markets · Sep 20
Anthropic pre-IPO futures open interest hits $79.27M
 DeFi · Sep 18
Pyth Network adds Anthropic and OpenAI as first pre-IPO indices
 Exchanges · Sep 25
KuCoin Lists 20x Pre-IPO Perpetual on Moonshot AI Index