Kraken Blog/
Trade Anthropic and Open AI at up to 5x leverage before their IPOs: Kraken pre-IPO perps are now live
Kraken has launched pre-IPO perpetual futures contracts for Anthropic and OpenAI, allowing users to trade exposure to these private companies with up to 5x leverage. The contracts use a proprietary synthetic index and are not available in the US, EEA, Canada, Australia, or New Zealand.
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Why It Matters
This product provides a mechanism for market participants to speculate on the valuation of major private AI companies before they reach public markets, using synthetic pricing to manage volatility in thin, pre-IPO environments.