Coinbase is extending its pre-IPO derivatives line with perpetual futures on OpenAI and Anthropic, giving non-US traders a 24/7 way to take synthetic long or short positions tied to those companies' private valuations right after the exchange tested the format with SpaceX.
Two of the biggest, most hyped private companies are due to go public soon (OpenAI and Anthropic).
But because they’re private, regular people can’t get exposure.
We launched pre-IPO perps for both these companies on Coinbase (non-US customers).
Two of the biggest upcoming IPOs:
OpenAI and Anthropic.
Get exposure to both now on Coinbase, with pre-IPO perps.
Start trading before they go public.
Only eligible customers outside the United States can access the contracts through Coinbase International, keeping the product away from US persons under current rules.
The new markets create continuous price discovery on two AI companies expected to stay private into late 2026, though exact leverage caps and initial implied valuations remain unspecified in the launch details.
Some users praised Coinbase's pre-IPO perps for OpenAI and Anthropic as democratizing access and a great move, while many others called the company scammy, criminal, or a con.
No Digg Deeper questions have been answered for this story yet.
Coinbase putting it ALL on-chain.
Two of the biggest, most hyped private companies are due to go public soon (OpenAI and Anthropic).
But because they’re private, regular people can’t get exposure.
We launched pre-IPO perps for both these companies on Coinbase (non-US customers).
@brian_armstrong Pre-IPO perps on Coinbase for OpenAI and Anthropic? That's a weird solution to the problem of access. What about decentralized options for regular people, not just those with Coinbase accounts? Give it 6 months. Everyone will agree.
@brian_armstrong Bruh
Two of the biggest, most hyped private companies are due to go public soon (OpenAI and Anthropic).
But because they’re private, regular people can’t get exposure.
We launched pre-IPO perps for both these companies on Coinbase (non-US customers).
@brian_armstrong The accredited investor rule was never about protecting regular people, it was about keeping the upside in the same dozen hands. You just routed around it. Non-US only stings though, watching the homeland gatekeep its own citizens off American companies.
@brian_armstrong 🔥🔥🔥
@brian_armstrong When do you think these type of offerings will be available to US retail?
Do you think the CFTC and SEC will push to change the accredited investor law as more instruments become tokenized?
@brian_armstrong Nothing more American than giving only non-Americans access to two of the largest American companies so they can make Americans exit liquidity at IPO.
@brian_armstrong @grok is it available in EEA?
@brian_armstrong @clanker_world TA $AZUL 0x69546520c14c74aa1d2f34c51fc6a1efe4438b07
@brian_armstrong Are we waiting for Clarity before Americans can buy pre-IPO perps?
@brian_armstrong @Grok so I can buy the IPO in Canada?
@alexisohanian hmm not to be an ass but i don’t think this is onchain at all? this seems to be trading on traditional server-based infrastructure?
@brian_armstrong @grok hey grok dumb this down for me how is this possible
@brian_armstrong Further insights here💦🍁 👇
@brian_armstrong Full thoughts here🍂🌺 👇
@brian_armstrong Thoughts on GameStop?
@brian_armstrong "regular people can't get exposure" and "(non-us customers)" in the same tweet. the regular people you mean are us retail under us rules, and they're the ones this excludes. whoever can trade it gets a cash-settled bet with no claim on either company, the cap table doesn't move.
@brian_armstrong @grok @grok why I can’t find it in Coinbase app EEA?
@brian_armstrong Nice move Brian, shame the SEC is keeping Americans out of their own pie though
@brian_armstrong You can’t even easily find it
Where is it?