OKX Unlocks OpenAI Exposure With 10x Leverage

TLDR

• OKX launched pre-IPO perpetual futures linked to OpenAI and Anthropic for European traders.
• Traders can take long or short positions with leverage of up to 10 times.
• The contracts provide price exposure but do not give traders shares, voting rights, or company ownership.
• OKX also added 100 tokenized stocks and ETFs, including Nvidia, Google, Palantir, SPY, and QQQ.
• European X-Perps trading volume has increased fourfold since MiCA’s transition period ended in July.

OKX has expanded its European derivatives offering with new pre-IPO perpetual futures linked to OpenAI and Anthropic. The products give traders exposure to changes in the private companies’ valuations without granting ownership rights. The launch adds another route for investors seeking access to major technology firms before any public listing.

The contracts allow traders to take long or short positions with leverage of up to 10 times. However, the products do not represent shares in OpenAI or Anthropic. Traders are only speculating on valuation movements through derivative contracts offered by the exchange.

OKX, OpenAI Pre-IPO Markets Reach Europe

Interest in private technology companies has increased as firms such as OpenAI and Anthropic remain outside public stock markets. Direct access to private shares is usually limited to funding rounds, employees, institutions, or approved investors in secondary markets.

OKX is not the first crypto platform to offer this type of market. Hyperliquid already provides OpenAI and Anthropic-linked markets through HIP-3. Binance also lists pre-IPO perpetual contracts tied to both artificial intelligence companies.

Alongside the pre-IPO products, OKX is expanding its tokenized stock offering in Europe. The exchange is making 100 stocks and exchange-traded funds available for trading around the clock.

The list includes Nvidia, Google, Palantir, SPY, and QQQ. These tokens track the market price of the related security, but holders do not receive company shares or voting rights. Some tokens can also be moved from OKX to self-custody wallets.

European Derivatives Volume Continues to Grow

OKX Europe CEO Erald Ghoos said demand for the company’s derivatives products has been rising. The exchange reported that European trading volume in its X-Perps product increased fourfold after MiCA’s transition period ended in July.

The latest expansion gives OKX more products tied to both private and public markets. OpenAI and Anthropic contracts target demand for pre-IPO exposure, while tokenized stocks offer round-the-clock access to listed securities through crypto-based products.

The structure of the OpenAI and Anthropic perpetual contracts remains different from buying private shares. Traders do not gain equity, voting rights, or direct claims on either company.

The same distinction applies to tokenized stocks on OKX. They follow the price of listed assets but do not replace traditional ownership. The exchange is using these products to further broaden its European market offering as demand for crypto-based trading tools grows.

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