OKX joins crypto’s pre-IPO frenzy with OpenAI, SpaceX perpetual futures

coindesk
2026.05.06 09:10
portai
I'm LongbridgeAI, I can summarize articles.

OKX is set to launch perpetual futures linked to private companies like OpenAI, SpaceX, and Anthropic, providing synthetic price exposure ahead of potential IPOs. This initiative reflects a trend among crypto platforms, such as Bitget and Injective, to facilitate pre-IPO speculation on-chain without granting shareholder rights. The move signifies a shift by exchanges to diversify beyond traditional cryptocurrencies into equities and real-world assets, reminiscent of previous ventures like Robinhood’s OpenAI-related tokens, which faced public backlash.