Coinbase launched pre-IPO perpetual futures for OpenAI and Anthropic on June 22, 2026, allowing non-U.S. customers to trade exposure to the two AI companies before any public listings. Trading for ANTHROPIC-PERP and OPENAI-PERP began at 11:00 a.m. UTC with support for limit, market, stop and stop-limit orders.
The move expands Coinbase's pre-IPO product lineup following its SpaceX perpetual futures launch in June. Anthropic and OpenAI are expected to pursue public debuts in the second half of 2026, with combined private valuations around $1.8 trillion based on recent funding rounds.