BTC $77,105.17 -1.90%
ETH $2,462.15 -1.12%
BNB $710.67 -4.00%
XRP $1.35 -4.88%
SOL $99.35 -4.05%
TRX $0.3393 -0.24%
DOGE $0.0835 -6.05%
ADA $0.2089 -3.88%
BCH $225.33 -12.57%
LINK $11.62 -2.96%
HYPE $79.87 -7.73%
AAVE $122.38 -4.81%
SUI $0.7375 -7.54%
XLM $0.1786 -3.45%
ZEC $1,129.91 -10.66%
BTC $77,105.17 -1.90%
ETH $2,462.15 -1.12%
BNB $710.67 -4.00%
XRP $1.35 -4.88%
SOL $99.35 -4.05%
TRX $0.3393 -0.24%
DOGE $0.0835 -6.05%
ADA $0.2089 -3.88%
BCH $225.33 -12.57%
LINK $11.62 -2.96%
HYPE $79.87 -7.73%
AAVE $122.38 -4.81%
SUI $0.7375 -7.54%
XLM $0.1786 -3.45%
ZEC $1,129.91 -10.66%

x

All
Article
Flash

first_img OKX launched perpetual contracts for OpenAI and Anthropic's Pre-IPO in Europe

Cryptocurrency exchange OKX announced the launch of Pre-IPO perpetual contracts related to OpenAI and Anthropic in Europe. Eligible traders can go long or short on the valuations of the two AI companies with up to 10 times leverage, but will not receive actual shares of the two companies. This product bets on the valuation changes of the two companies before their IPOs, providing a new speculative avenue for retail investors who find it difficult to directly buy shares of private companies.OKX is not the first platform to launch such products. Hyperliquid has offered markets related to OpenAI and Anthropic through HIP-3, and Binance also provides Pre-IPO perpetual contracts for the two companies. OKX stated that such products are not substitutes for the shares themselves but can meet the ongoing market demand for exposure to large tech companies that have not been publicly listed for a long time.Meanwhile, OKX has also launched 100 tokenized stocks and ETFs, including Nvidia, Alphabet, Palantir, as well as SPY and QQQ, allowing European traders to trade traditional markets around the clock. These tokens track the prices of the underlying securities but do not grant holders actual shares or voting rights, and some tokens can be withdrawn to self-custody wallets. OKX Europe CEO Erald Ghoos stated that the demand for its derivatives business continues to grow, with trading volume for X-Perps in the European market quadrupling since the transition period of MiCA ended in July.

first_img The Singapore Exchange has opened Bitcoin and Ethereum perpetual contracts to U.S. institutions

The Singapore Exchange (SGX) has received authorization from the U.S. Commodity Futures Trading Commission (CFTC) under the Regulation 48.1 framework to open its Bitcoin and Ethereum perpetual contracts to U.S. institutional investors. KC Lam, Head of Crypto Derivatives at SGX Group, stated that previously U.S. participants were unable to trade these contracts, but they are now permitted direct access to its trading system.Since its launch at the end of November 2025, SGX's crypto perpetual contracts have accumulated a trading volume of $5.8 billion (approximately 400,000 lots), with an average daily trading volume of 1,300 lots ($19 million) as of August. Bitcoin accounts for 66% of open contracts and 83% of average daily trading volume, with a single-day peak trading volume of 11,500 lots (notional value of $145 million). Lam indicated that as the FIS backend integration is fully ready, they will assist U.S. clearing members in onboarding clients in the next month or two.Unlike crypto-native platforms, SGX's perpetual contracts have no expiration date but employ a margin call and collateral top-up mechanism instead of automatic liquidation, separating trading and clearing based on traditional futures market infrastructure. Stablecoins are not accepted as collateral, and the contract benchmark index is jointly developed by SGX and CoinDesk Indices. SGX's next step is to launch Bitcoin and Ethereum futures and options.
app_icon
ChainCatcher Building the Web3 world with innovations.