Coinbase has launched full trading for ANTHROPIC-PERP and OPENAI-PERP pre-IPO perpetual futures, with markets going live at 11:00 UTC on June 22, 2026. The contracts allow traders to speculate on the valuations of private AI companies before any public stock market listing. The launch matters because it expands access to price discovery for two of the most closely watched artificial intelligence firms. Traders can now use limit, market, stop, and stop-limit orders, while market participants watch how these contracts reflect investor expectations ahead of any future IPOs.
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