Binance updates Anthropic mark per second to stop liquidation

Shunyet Jan, Binance’s Head of Exchange and Trading, explained how Binance prices Anthropic-linked perpetual futures in an Oct. 13 article published by 21Shares. He describes a mark updated each second from executed trades, with limits on each second’s movement and fallbacks when trading slows. That explanation accompanies the Oct. 13 contractual issue date of the 21Shares Anthropic Synthetic ETP, an exchange-traded certificate giving synthetic exposure to the private company. Buyers become unsecured creditors of a Cayman issuer, whose FalconX note counterparty manages the underlying exposure.

First reported by CryptoSlate. This page is a short excerpt; the full text is theirs.