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FollowingTLDR
OKX, OpenAI pre-IPO markets expand to Europe
European derivatives trading volume continues to grow
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OKX has launched a pre-IPO perpetual contract for European traders linked to OpenAI and Anthropic. Traders can open long or short positions with leverage ratios of up to 10 times. These contracts provide price exposure but do not give traders shares, voting rights or company ownership.
OKX has also added 100 new tokenized stocks and ETFs, including Nvidia, Google, Palantir, SPY and QQQ.
Trading volume in European X-Perps has increased fourfold since the transition period of the Cryptographic Asset Markets Regulation Act (MiCA) ended in July.
OKX and OpenAI pre-IPO markets expand to Europe
As companies such as OpenAI and Anthropic have not yet been listed on the public stock market, the market is increasingly interested in private technology companies. Direct access to private shares is usually limited to financing rounds, employees, institutions or qualified investors in the secondary market.
OKX is not the first cryptocurrency platform to offer such markets. Hyperliquid already provides markets linked to OpenAI and Anthropic through HIP-3. Binance also listed pre-IPO perpetual contracts linked to the two artificial intelligence companies.
In addition to pre-IPO products, OKX is expanding its tokenized stock offerings in Europe. The exchange offers 100 stocks and exchange-traded funds (ETFs) for trading 24 hours a day.
The list includes Nvidia, Google, Palantir, SPY and QQQ. These tokens track the market price of the relevant securities, but the holder does not receive company shares or voting rights. Some tokens can also be transferred from OKX to self-managed wallets.
European derivatives trading volume continues to grow
OKX Europe CEO Erald Ghoos said that demand for the company's derivatives products has been rising. The exchange reported a fourfold increase in European trading volume for its X-Perps products after MiCA's transition period ended in July.
The latest expansion gives OKX more products linked to private and public markets. OpenAI and Anthropic contracts target the need for pre-IPO exposure, while tokenized stocks provide round-the-clock access to listed securities through cryptocurrency-based products.
OpenAI and Anthropic perpetual contracts are structured differently than buying private shares. Traders do not receive equity, voting rights or direct claims on the company.
The same distinction applies to tokenized stocks on OKX. They follow the price of listed assets, but do not replace traditional ownership. As demand for cryptocurrency-based trading instruments grows, OKX is using these products to further expand its European market offers.
