OKX rolls out OpenAI and Anthropic pre-IPO perpetuals in Europe, alongside 100 tokenized stocks and ETFs
OKX said on Sept. 10 that it has launched pre-IPO perpetual contracts tied to OpenAI and Anthropic in Europe, giving traders a way to go long or short on the valuation moves of the two private AI companies with up to 10x leverage and without owning any equity. The exchange also listed 100 tokenized stocks and ETFs, including Nvidia, Alphabet, Palantir, SPY, and QQQ. According to OKX Europe CEO Erald Ghoos, trading volume for the platform’s X-Perps derivatives business in Europe has risen fourfold since the European Union’s transition period under Markets in Crypto-Assets Regulation, or MiCA, ended in July. The launch places OKX more directly against venues such as Hyperliquid and Binance in pre-IPO derivatives, and against Kraken and Binance in tokenized equities. The products track valuation or price movements rather than confer ownership. Users do not receive voting rights or shares, and some of the tokenized instruments can be withdrawn to self-custody wallets. The report also highlights key risks tied to pre-IPO contracts, including opaque valuation references, uncertain liquidity, and the liquidation risk that comes with 10x leverage.








