Trade.xyz Opens Anthropic Pre-IPO Perpetual Ahead of Nasdaq Listing

Trade.xyz has opened a pre-IPO perpetual market tied to Anthropic’s proposed Class A shares, giving eligible traders leveraged price exposure ahead of the AI company’s proposed Nasdaq listing.

The contract, labeled ANT, references one Class A share and is quoted in U.S. dollars. Its initial reference price is $125, with leverage capped at 10x. Trade.xyz sets a ±50% discovery bound and describes the reference price as a starting point, not a forecast or the IPO price.

Trade.xyz lists Nov. 20, 2026, as the anticipated listing date. A grace period for delays could extend through Jan. 19, 2027; the date is the venue’s estimate, not an issuer-confirmed timetable.

Anthropic filed a registration statement Oct. 26 seeking to list Class A shares on Nasdaq under the proposed symbol ANT. The filing leaves the IPO price range and share count blank and says no public market existed for the shares. The perpetual does not confer share ownership or an IPO allocation.

Trade.xyz told the SEC that its markets are unavailable to U.S. persons and that it uses geoblocking and wallet screening for U.S. users. The contract is not the first Anthropic-linked perpetual market: TokenPost previously covered $643 million in volume across 12 venues through Sept. 21.