OKX Australia launches pre-IPO perpetual futures for OpenAI, Anthropic

The news: Digital asset platform OKX Australia has launched “Pre-IPO Perpetual Futures” on Wednesday, a move that enables wholesale clients to gain speculative exposure to major private companies before their offical stock market debuts. The context: OKX stated that the launch will allow eligible investors to hold long or short positions on the implied valuations of private companies, with up to 10x leverage and around the clock trading. The company added that the launch will expand the range of global markets available to Australian wholesale clients amid surging appetite for major technology and AI firms, starting with OpenAI and Anthropic.

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