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OKX launches OpenAI and Anthropic pre-IPO perpetual futures in Europe
The exchange also added 100 tokenized stocks and ETFs, and said European trading volume in its X-Perps rose fourfold after MiCA’s transition period ended.
OKX launched pre-IPO perpetual futures tied to OpenAI and Anthropic in Europe, giving eligible traders the ability to go long or short on the companies’ valuations without taking an ownership stake. According to CoinDesk, the products are offered with up to 10x leverage and are settled based on how the underlying private valuations move.
CoinDesk reports that OKX is positioning the move as a way to meet demand for exposure to large private technology companies that can be difficult for most individual investors to access directly. The exchange said traders using the perpetuals do not receive shares or voting rights in either AI company.
In parallel, OKX added 100 tokenized stocks and ETFs for around-the-clock trading, including names such as Nvidia, Alphabet, and Palantir, as well as SPY and QQQ. CoinDesk noted that the tokenized products track the price of the underlying securities, but do not provide actual shares or voting rights, and some may be withdrawn for self-custody.
CoinDesk adds that OKX Europe CEO Erald Ghoos said demand for its derivatives business has been growing. The outlet reported the company attributed a fourfold rise in European trading volume in its X-Perps to MiCA’s transition period ending.