trade.xyz Launches Anthropic Pre-IPO Perpetual Market ANT

Oct. 26: trade.xyz announced the launch of ANT, a pre-IPO perpetual (IPOP) market for Anthropic. The contract tracks 1 share of Anthropic, PBC Class A common stock (ticker Nasdaq: ANT), is USD-denominated, and currently reflects market expectations for its share price. Once the underlying stock lists, ANT is expected to convert into a standard XYZ perpetual contract. trade.xyz noted that pre-IPO markets may be highly volatile, and the mark price may hit the upper and lower limits of the discovery bounds more frequently, so its deviation from the reference price will be temporarily constrained.