COINDESK · 2026-10-31 16:00 UTC

Traders are already placing leveraged bets on Anthropic's IPO using crypto contracts

Traders are placing leveraged bets on Anthropic's upcoming IPO using perpetual swap contracts on Hyperliquid, a decentralized crypto exchange. Entropy's ANTH contract values Anthropic at around $1.9 trillion, while trade.xyz's ANT contract opened near $138 per share before dropping to $110 with $8.7 million in volume. Anthropic's help page warns that claims to sell shares through forward contracts or tokenized securities are likely worthless, though it hasn't explicitly addressed perpetual contracts.

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