{"id":82035,"date":"2026-06-22T17:49:09","date_gmt":"2026-06-22T17:49:09","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/82035\/"},"modified":"2026-06-22T17:49:09","modified_gmt":"2026-06-22T17:49:09","slug":"coin-stock-breaks-three-day-losing-streak-coinbase-challenges-binance-with-openai-anthropic-pre-ipo-futures","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/82035\/","title":{"rendered":"COIN Stock Breaks Three-Day Losing Streak: Coinbase Challenges Binance With OpenAI, Anthropic Pre-IPO Futures"},"content":{"rendered":"

Coinbase expands its crypto derivatives market, launching perpetual futures for AI giants OpenAI and Anthropic following a successful SpaceX rollout.<\/p>\n

Coinbase announced the opening of ANTHROPIC-PERP and OPENAI-PERP pre-IPO market on X.\u00a0The perps pre-IPO market opened on or after 11:00 AM UTC on June 22.21 out of 34 analysts rate the stock \u2018buy\u2019 or higher, 10 say \u2018hold,\u2019 and three rate \u2018sell\u2019 with an average 12-month price target of $229.74, as per Koyfin.\u00a0<\/p>\n

Coinbase Global, Inc. (COIN) share price gained 2% on Monday after the company expanded its crypto derivatives lineup, launching pre-IPO perpetual futures contracts tied to artificial intelligence giants OpenAI and Anthropic.<\/p>\n

The launch follows the crypto exchange’s introduction of similar contracts for Elon Musk\u2019s SpaceX earlier this month, marking a growing push by digital asset platforms to offer retail investors speculative exposure to highly valued private tech firms.<\/p>\n

Pre-IPO AI Perpetual Futures In Demand<\/p>\n

Coinbase Markets\u00a0announced<\/a> on X, formerly Twitter, that full trading for its ANTHROPIC-PERP and OPENAI-PERP markets went live on June 22. The platform now supports limit, market, stop, and stop-limit orders for both instruments.<\/p>\n

These pre-IPO instruments are structured as perpetual futures, a type of derivative common in crypto markets that lacks an expiration date. Because OpenAI and Anthropic are private entities, these contracts do not represent direct ownership or a claim on actual underlying shares. Instead, they track and speculate on the projected valuations of the companies based on secondary market trends and publicly disclosed funding rounds.<\/p>\n

For instance, SpaceX\u2019s pre-IPO perpetual contracts generated approximately $3.2 billion in trading volume and $390 million in open interest between May 17 and June 10, according to data from Talos reported by Reuters. These statistics from Talos consolidated figures across eight different exchanges.<\/p>\n

Both AI firms have reportedly filed confidentially for initial public offerings (IPOs), with market experts projecting potential stock market debuts by the end of the year.<\/p>\n

COIN Competes With Binance<\/p>\n

Ahead of Coinbase’s rollout, Binance launched its own pre-IPO perpetual futures for OpenAI and Anthropic, alongside a highly successful SpaceX contract. Binance\u2019s offerings include unique features such as tokenized stock variations and yield opportunities through integrated Web3 wallets, allowing users to subscribe to expected allocations.<\/p>\n

According to Binance, its SpaceX contract saw over $280 million in total trading volume within just five days of its debut, reflecting a robust investor appetite for crypto-native exposure to private-market opportunities.<\/p>\n

COIN Stock: Retail View\u00a0<\/p>\n

Retail sentiment on Stocktwits was \u2018bullish\u2019 with \u2018normal\u2019 message volumes. Retail chatter on Stocktwits jumped by more than 200% from the previous session on COIN stock.\u00a0<\/p>\n

COIN stock<\/a> has lost about 29.7% year-to-date.\u00a0<\/p>\n

For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n

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