OKX Introduces Pre-IPO Markets for OpenAI and Anthropic in Europe

OKX has launched Pre-IPO X-Perps for OpenAI and Anthropic, allowing European traders to speculate on the valuations of these private tech companies before they go public. This new offering, which debuted on September 10, 2026, also includes 100 tokenized stocks that represent public equities such as SpaceX, Google, NVIDIA, and Palantir. The products are available through OKX Europe Markets Limited, regulated by the Malta Financial Services Authority.

The Pre-IPO X-Perps are perpetual futures contracts that enable traders to take positions based on the implied valuations of private companies. For instance, traders can express their views on whether OpenAI's reported valuation of $852 billion or Anthropic's $965 billion price tag is justified, without needing to be accredited investors. The contracts allow for up to 10x leverage, a significant increase from the previous range of 0.01-5x offered earlier in 2026.

In addition to the Pre-IPO contracts, the 100 tokenized stocks provide synthetic instruments that track the prices of public companies and ETFs, trading 24/7. However, it is important to note that these tokenized stocks do not confer ownership or voting rights, as they are designed for price movement trading rather than equity ownership. The launch comes amid a surge in trading volume for X-Perps in Europe, which has quadrupled since the implementation of the Markets in Crypto-Assets (MiCA) regulation in July 2026. This innovative approach combines crypto trading, synthetic equity exposure, and pre-IPO speculation under a single regulatory framework, enhancing accessibility for retail traders.

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Source: KLEA News