Crypto.com launches Pre-IPO Perpetuals: OpenAI, SpaceX, and Anthropic trading ahead of IPOs

Crypto.com Exchange officially launched Pre-IPO Perpetual Contracts for OpenAI, SpaceX, and Anthropic, offering opportunities to trade and value leading private technology companies.

5/13/20263 min read

Crypto.com ra mắt Pre-IPO Perpetual Contracts

Crypto.com Exchange has just announced a new product called Pre-IPO Perpetual Contracts , allowing users to trade the price volatility of leading private technology companies such as OpenAI, SpaceX, Anthropi, etc. Through perpetual contracts, traders can access the valuation trends of these "tech unicorns" before their IPOs without owning actual shares.

Pre-IPO Perpetuals are futures contracts without an expiration date, mimicking the valuations of privately held companies.

Unlike traditional equity investments, this product:

No stock ownership rights are granted.
No voting rights or dividends
Only allow transactions that fluctuate in the company's valuation.

Crypto.com states that contract prices will be referenced from secondary market data, third-party Oracles, and external valuation feeds.

The first Pre-IPO products on Crypto.com

OpenAI Perpetuals

Transaction code:

OPENAIIPOUSD-PERP

This allows traders to access the valuation trends of OpenAI — the company behind ChatGPT and one of the world's most valuable AI startups today.

Anthropic Perpetuals

Transaction code:

ANTHROPICIPOUSD-PERP

Anthropic is the AI company that developed Claude AI and is considered a major competitor to OpenAI in the field of large language modeling (LLM).

SpaceX Perpetuals

Transaction code:

SPACEXIPOUSD-PERP

This allows traders to track the price fluctuations of SpaceX, the aerospace company founded by Elon Musk, best known for Starlink and its commercial space programs.

How does Pre-IPO Perpetuals work?

Pre-IPO Perpetuals on Crypto.com is designed as a futures contract model with no expiration date, allowing traders to hold positions continuously as long as they meet margin requirements. Instead of having to rollover contracts like traditional futures, users can maintain long-term trades on the same position, optimizing the trading experience and providing more flexible strategy management.

Another notable point is that traders can use the same USD collateral system applied to crypto derivatives on Crypto.com Exchange, thereby managing assets and positions more conveniently within a single trading account.

24/7 trading with real-time pricing.

Unlike traditional stock markets with limited trading hours, Pre-IPO Perpetuals supports 24/7 trading with real-time valuation updates. This allows users to react quickly to news related to OpenAI, SpaceX, or Anthropic at any time of day.

In addition, Crypto.com now applies an Isolated Margin mode to this product to limit risk individually for each position, helping traders better control losses in highly volatile market conditions.

Why is Pre-IPO Perpetuals attracting attention ?

The emergence of Pre-IPO Perpetuals is seen as a significant expansion of the crypto derivatives market. Previously, access to technology companies before their IPOs was typically limited to large investment funds, venture capital, or accredited investors.

However, with perpetual contracts, ordinary traders now have an additional tool to trade based on the valuation trends of leading global tech startups without owning actual shares. This is also a rapidly growing trend in 2026 as more and more crypto platforms expand into tokenization and trading pre-IPO assets.

Risks to be aware of

Crypto.com also emphasizes that Pre-IPO Perpetuals are high-risk derivative products. Contract prices can fluctuate sharply and sometimes differ significantly from the actual funding rounds of the company. Furthermore, there is no guarantee that these companies will definitely IPO in the future.

The use of leverage also increases the risk of liquidation if the market moves against expectations. Users should note that these contracts do not represent actual ownership of shares, do not have voting rights, and do not come with dividends like traditional stocks.

Conclude

Crypto.com's launch of Pre-IPO Perpetual Contracts for OpenAI, SpaceX, and Anthropic marks a new expansion of the crypto derivatives market into the private technology asset sector.

With 24/7 trading, no need to own physical shares, and direct integration with Crypto.com Exchange, this is a noteworthy product for traders interested in AI and pre-IPO technology trends.

Disclaimer: The information presented in this article is the author's personal opinion in the field of cryptocurrencies. This is not financial or investment advice at all. Every investment decision should be based on careful consideration of your personal portfolio and risk tolerance. The opinion in the article does not represent the official position of the platform. We recommend that readers do their own research and consult experts before making any investment decisions.

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