Trade.xyz launches Anthropic pre-market perpetual contracts, with ANT pegged to each Class A common share.

October 26 - Trade.xyz announced that the pre-IPO perpetual contract (IPOP) market ANT for Anthropic has officially launched. The contract is quoted in USD, referencing one share of Anthropic, PBC's Class A common stock (Nasdaq code: ANT), and is currently a pre-IPO market reflecting market expectations of its anticipated stock price.

Trade.xyz stated that once Anthropic officially goes public, the contract is expected to convert to a standard XYZ perpetual contract.

The platform also reminds that pre-IPO markets may face higher volatility, and as market expectations change, the mark price may more frequently hit price discovery range limits, thereby temporarily restricting the extent of mark price movement relative to the reference price.