Trade.xyz rolls out pre-IPO perpetual market for Anthropic on Hyperliquid
Trade.xyz has launched a pre-IPO perpetual contract referencing Anthropic stock on the Hyperliquid platform, offering synthetic trading exposure ahead of an anticipated public listing.

Trade.xyz has introduced a pre-IPO perpetual market for artificial intelligence company Anthropic on the decentralized exchange Hyperliquid, according to announcements circulated by Crypto Briefing and DEGEN NEWS. The contract, trading under the ticker ANT, references one share of Anthropic, PBC Class A common stock quoted in USD and tracks anticipated pricing ahead of an expected Nasdaq listing.[2][3]
Trade.xyz stated that the pre-IPO market is expected to convert to a standard perpetual contract once Anthropic lists its shares publicly. According to market commentator Maran, trading contracts deployed on Hyperliquid under the pre-IPO framework provide up to 6x leverage, use isolated USDC margin, and are cash-settled. Maran noted that the instruments confer no underlying shares, voting rights, or IPO share allocations, and cautioned that implied pre-IPO valuations differ from eventual roadshow and opening stock prices.[2][1]
Key facts
- Trade.xyz launched a pre-IPO perpetual market for Anthropic on Hyperliquid under the ticker ANT.
- The ANT contract references one share of Anthropic, PBC Class A common stock quoted in USD and is slated to convert to a standard perpetual contract upon public listing.
- According to Maran, the pre-IPO perpetual on Hyperliquid offers up to 6x leverage, utilizes isolated USDC margin, is cash-settled, and conveys no equity, voting rights, or share allocations.
- Crypto Briefing reported that the launch occurs as Anthropic prepares for a planned listing on Nasdaq.
Sources · 3 sources
- MA
Maran@TheMaranPost on X ·
how to get anthropic ipo exposure anthropic filed for their ipo, the ai bubble may be reaching its top the play: pre ipo perp now > watch the date odds > buy the real stock on listing day > before listing: pre ipo perp - hyperliquid (via entropy hip-3) has io:ANTH - up to 6x, usdc margin, cash settled, isolated - price is in billions of implied market cap (1900 ≈ $1.9t) - no shares, no votes, no allocation > on listing day: the real stock - open an account at an international broker that takes non us clients for us equities (ibkr is the common one) - complete w-8ben + kyc - buy on the open once it lists (nasdaq expected, ticker ant) - fractional shares available on most of them > timing: prediction markets: - polymarket has live markets on the ipo month - november was ~82% when last checked > what not to do: - there's no "anthropic token" lol - don't buy any memes to make money from this anthropic wave - tokenized "anthropic shares" are economic exposure at best. anthropic's own help center says unapproved share sales are void and tokenized offers may have no value - don't size a perp like shares. 6x can liquidate you before listing day - keep the perp and the actual stock purchase separate > the catch: - the perp prices implied valuation, not the ipo price. if the roadshow price lands under it , perp longs eat it - tokenized stocks prices fluctuates a lot bookmark this before the listing date. follow for one free money play every day
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
🚨 NEW: @tradexyz launches pre-IPO perp for Anthropic ($ANT) on Hyperliquid as the AI giant moves toward a Nasdaq listing. https://t.co/KDZ5RZtu7a
Open source - DN
DEGEN NEWS@DegenerateNewsPost on X ·
NEW: @tradexyz LAUNCHES PRE-IPO PERP FOR ANTHROPIC $ANT ON @HyperliquidX https://t.co/uEsd99dHBx
Open source

