Introducing Pre-IPO Perpetual Contracts: Trade OpenAI, SpaceX, and Anthropic

Crypto.com Exchange is introducing Pre-IPO Perpetual Contracts, a groundbreaking addition to our derivatives suite. For the first time, users can trade the price action of highly influential private companies - OpenAI, Anthropic, and SpaceX - directly within our high-performance trading environment.

The Pre-IPO Advantage

Historically, investing in companies before their Initial Public Offering (IPO) was restricted to venture capital firms and accredited investors. By launching Pre-IPO Perps, we are leveling the playing field, allowing our users to express market views on these industry leaders 24/7.

What Are Pre-IPO Perpetuals? 

These are perpetual futures contracts that reference the valuation of private companies.

• No Expiry: Hold your positions as long as you meet margin requirements.
• Unified Collateral: Use the same USD-based collateral used for your crypto trades.
• Real-time Data Integration: Our pricing references external data feeds to seamlessly reflect private market valuations.

Featured Instruments:

• 🤖 OpenAI ($OPENAIIPOUSD-PERP): Generative AI and LLM innovation.
• 🧠 Anthropic ($ANTHROPICIPOUSD-PERP): AI and LLM innovation.
• 🌌 SpaceX ($SPACEXIPOUSD-PERP): Commercial space exploration and satellite internet.

Margin & Risk Management:

• Trading is available via Isolated Margin to help manage individual position risk.
• Pre-IPO Perpetuals are available to eligible institutional clients on request. Please reach out to your Crypto.com Exchange representative to enable access for your account.

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Disclaimer: Product availability subject to jurisdictional limitations. Trading digital assets and derivatives involves risk and may result in the loss of capital. Crypto.com reserves the right to modify or discontinue product features at its discretion. Please review the applicable Terms and Conditions before trading.

Pre-IPO Perpetual Contracts are synthetic derivatives that reference valuations of real world private companies; they do not grant equity interest, voting rights, dividends, direct claims to the shares or any other economic ownership of the underlying private companies. The price of these contracts may be derived from third-party oracles and secondary market data which may be illiquid. You acknowledge that prices may be highly volatile and may deviate significantly from current private funding rounds or future IPO prices (if any). There is no guarantee the underlying company will ever conduct an Initial Public Offering (IPO). In the event of a company’s bankruptcy or permanent withdrawal from any IPO plans, the perpetual contracts may be settled at a value of zero or a price determined by alternative methodology as communicated by the Exchange in its sole discretion from time to time Participants should perform their own due diligence before trading.