Loading video...

Video Failed to Load

Go Home

Private markets have a problem - they’re private. Pre-IPO perps let traders get exposure to companies before they go public. OpenAI and Anthropic pre-IPO perps are now live on Coinbase, for eligible traders outside the US.

CoinbaseMarkets's profile picture

Coinbase Markets 🛡️

1,473,075 subscribers

72,453 views • 1 month ago •via X (Twitter)

FinanceScience & Technology
LIVE

Anya Rossi• Live Now

Private livecam show

0 Comments

No comments available

Comments from the original post will appear here

Related Videos

Pre-IPO perps on Coinbase open up access to get exposure to early price discovery on top companies. SpaceX was the first. Anthropic and OpenAI are up next.
1:16

Pre-IPO perps on Coinbase open up access to get exposure to early price discovery on top companies. SpaceX was the first. Anthropic and OpenAI are up next.

Coinbase 🛡️

125,775 views • 2 months ago

Pre-IPO perps are coming to Coinbase. Starting today with SpaceX - now live for eligible users outside the US. 24/7 trading. USDC-settled. No expiry.
0:20

Pre-IPO perps are coming to Coinbase. Starting today with SpaceX - now live for eligible users outside the US. 24/7 trading. USDC-settled. No expiry.

Coinbase 🛡️

516,233 views • 2 months ago

Pre-IPO trading is now live on Mercury. Trade private companies before they go public. Powered by Ventuals MPMP
0:29

Pre-IPO trading is now live on Mercury. Trade private companies before they go public. Powered by Ventuals MPMP

Mercury

19,038 views • 10 months ago

The Everything Exchange just got a lot more 𝙚𝙫𝙚𝙧𝙮𝙩𝙝𝙞𝙣𝙜. Here's what we just shipped for traders: → Pre-IPO Perps → Options for stocks and crypto → Thematic Index Perps → Global crypto derivatives → Unified global liquidity pool → Coinbase Advanced, fully modular
1:47

The Everything Exchange just got a lot more 𝙚𝙫𝙚𝙧𝙮𝙩𝙝𝙞𝙣𝙜. Here's what we just shipped for traders: → Pre-IPO Perps → Options for stocks and crypto → Thematic Index Perps → Global crypto derivatives → Unified global liquidity pool → Coinbase Advanced, fully modular

Coinbase Markets 🛡️

128,298 views • 2 months ago

I spoke with Dio Casares (Diogenes) of Patagon Markets about why Anthropic and OpenAI voided secondary shares before their IPOs — and why, structurally, pre-IPO perps sidestep almost all of those problems. It’s an inside look at why pre-IPO perps avoid the legal hot potato aspect of pre-IPO trading activity. 🎧 Timestamps: 🚀 00:45 Why are we seeing so much pre-IPO activity bubble up right now 🗂️ 02:45 The types of market activity that are happening pre-IPO and why they’re happening 💙 6:04 Coinbase: Get 20% off the first year of your Coinbase One annual plan at ⛓️ 07:52 The kinds of problems that buyers and sellers of pre-IPO shares are trying to solve by going onchain ⚖️ 11:15 How unicorns have wanted to be private but have their shares 📊 13:19 Why people aren’t just waiting till pre-IPO share perps go live to get exposure 🃏 15:30 The problems can arise in second- and third-layer SPV situations 🏦 18:19 Where the Robinhood tokenized-share model fits in all this 🏛️ 19:59 Where the FTX bankruptcy Anthropic block falls 🗺️ 21:55 The spectrum of players — from offchain to onchain, from shadier to more legitimate 🤺 24:30 Why more of this activity is happening on Solana than Ethereum 🤝 25:23 What Patagon does in the secondaries market 🔭 29:27 How Dio expects the onchain private market space to evolve
33:34

I spoke with Dio Casares (Diogenes) of Patagon Markets about why Anthropic and OpenAI voided secondary shares before their IPOs — and why, structurally, pre-IPO perps sidestep almost all of those problems. It’s an inside look at why pre-IPO perps avoid the legal hot potato aspect of pre-IPO trading activity. 🎧 Timestamps: 🚀 00:45 Why are we seeing so much pre-IPO activity bubble up right now 🗂️ 02:45 The types of market activity that are happening pre-IPO and why they’re happening 💙 6:04 Coinbase: Get 20% off the first year of your Coinbase One annual plan at ⛓️ 07:52 The kinds of problems that buyers and sellers of pre-IPO shares are trying to solve by going onchain ⚖️ 11:15 How unicorns have wanted to be private but have their shares 📊 13:19 Why people aren’t just waiting till pre-IPO share perps go live to get exposure 🃏 15:30 The problems can arise in second- and third-layer SPV situations 🏦 18:19 Where the Robinhood tokenized-share model fits in all this 🏛️ 19:59 Where the FTX bankruptcy Anthropic block falls 🗺️ 21:55 The spectrum of players — from offchain to onchain, from shadier to more legitimate 🤺 24:30 Why more of this activity is happening on Solana than Ethereum 🤝 25:23 What Patagon does in the secondaries market 🔭 29:27 How Dio expects the onchain private market space to evolve

Laura Shin

64,551 views • 3 months ago

The year is 2025. But the pre-IPO market is moving like it’s the 80s. Something new appears on the terminal… An index of pre-IPO companies that define a generation. They once were “Unicorns”, then “Decacorns”. Now they are “Hectocorns”, (private tech companies worth >$100b). One token. Seven Hectocorns. - OpenAI - SpaceX - ByteDance - xAI - Stripe - Tether - Anthropic $HECTO. Launching soon on Canton.
0:42

The year is 2025. But the pre-IPO market is moving like it’s the 80s. Something new appears on the terminal… An index of pre-IPO companies that define a generation. They once were “Unicorns”, then “Decacorns”. Now they are “Hectocorns”, (private tech companies worth >$100b). One token. Seven Hectocorns. - OpenAI - SpaceX - ByteDance - xAI - Stripe - Tether - Anthropic $HECTO. Launching soon on Canton.

Hecto

23,285 views • 9 months ago

Perpetuals are now live on fomo, powered by Hyperliquid and trade.xyz. Equity, pre-IPO, crypto, indices, and commodities perps, all from one app. See you on the leaderboard. Trade perps on fomo today.
0:26

Perpetuals are now live on fomo, powered by Hyperliquid and trade.xyz. Equity, pre-IPO, crypto, indices, and commodities perps, all from one app. See you on the leaderboard. Trade perps on fomo today.

fomo

452,092 views • 2 months ago

Big news for @Solana traders. You can now trade Drift - Official perps from Telegram with @solcypherbot Use it solo, or add the bot to your group and trade and compete as a guild. Trade any token, pre-IPO stocks with , and perps. The trenches just leveled up.
0:34

Big news for @Solana traders. You can now trade Drift - Official perps from Telegram with @solcypherbot Use it solo, or add the bot to your group and trade and compete as a guild. Trade any token, pre-IPO stocks with , and perps. The trenches just leveled up.

swarmy007

85,474 views • 1 year ago

For decades, private equity & pre-IPO access was limited to VCs and large funds. Retail entered at IPO - the final stage. CyreneAI is changing that. In collaboration with WLTH, we’re bringing tokenized pre-IPO access on Solana - starting from $1. Private markets, redefined.
0:38

For decades, private equity & pre-IPO access was limited to VCs and large funds. Retail entered at IPO - the final stage. CyreneAI is changing that. In collaboration with WLTH, we’re bringing tokenized pre-IPO access on Solana - starting from $1. Private markets, redefined.

CyreneAI

31,666 views • 5 months ago

Kyle Reidhead: Coinbase 🛡️ just announced its everything-app move and it's a lot to process. → Pre-IPO perps on SpaceX, OpenAI, Anthropic. → Options on crypto AND equities 24/7. → Up to 20x leverage. → Commission-free stocks and ETFs. → Tokenized stocks backed 1-to-1. → The first SEC-registered AI-powered investment advisor → Autonomous agents that can trade for you. They're clearly going after Robinhood. And the perps play in the US could be massive once people realize they can trade SpaceX perps. FT The Wolf Of All Streets Kyle Reidhead | Milk Road.
2:01

Kyle Reidhead: Coinbase 🛡️ just announced its everything-app move and it's a lot to process. → Pre-IPO perps on SpaceX, OpenAI, Anthropic. → Options on crypto AND equities 24/7. → Up to 20x leverage. → Commission-free stocks and ETFs. → Tokenized stocks backed 1-to-1. → The first SEC-registered AI-powered investment advisor → Autonomous agents that can trade for you. They're clearly going after Robinhood. And the perps play in the US could be massive once people realize they can trade SpaceX perps. FT The Wolf Of All Streets Kyle Reidhead | Milk Road.

Milk Road

18,214 views • 2 months ago

Trending this week on OKX: • Listed: $SPCX X-Perps • Now on: $RLUSD Deposit Match in US • Live: Stock, ETF & commodity X-Perps • Added: 1 BTC bonus pool on The Beautiful Game • Hosted: SpaceX IPO pre party & watch party
0:21

Trending this week on OKX: • Listed: $SPCX X-Perps • Now on: $RLUSD Deposit Match in US • Live: Stock, ETF & commodity X-Perps • Added: 1 BTC bonus pool on The Beautiful Game • Hosted: SpaceX IPO pre party & watch party

OKX

28,206 views • 2 months ago

Stop waiting for the opening bell. Trade stock perpetual futures 24/7 on Coinbase. Get exposure to the Mag 7 and major ETFs every day of the week. React to news as it happens, not when the exchange opens. Live now for eligible traders outside the U.S.
0:22

Stop waiting for the opening bell. Trade stock perpetual futures 24/7 on Coinbase. Get exposure to the Mag 7 and major ETFs every day of the week. React to news as it happens, not when the exchange opens. Live now for eligible traders outside the U.S.

Coinbase 🛡️

507,403 views • 5 months ago

"This is a great development in the capital markets" Hyperliquid Strategies Chairman Bob Diamond on how pre-IPO price discovery on Hyperliquid is changing how companies go public
1:39

"This is a great development in the capital markets" Hyperliquid Strategies Chairman Bob Diamond on how pre-IPO price discovery on Hyperliquid is changing how companies go public

Hyperliquid Strategies Inc

17,978 views • 2 months ago

.@Chamath is literally telling us likely what most VCs are thinking right now: SpaceX IPO and a potential Anthropic or OpenAI IPO is for early insiders to take chips off the table and dump on retail.
0:20

.@Chamath is literally telling us likely what most VCs are thinking right now: SpaceX IPO and a potential Anthropic or OpenAI IPO is for early insiders to take chips off the table and dump on retail.

Ted Zhang

169,035 views • 4 months ago

🚀 #Binance just launched Pre-IPO Perpetual Futures — starting with #SpaceX. ➡️ For the first time, #crypto traders can get real #market exposure to one of the most anticipated IPOs in history before it even lists. No private allocations. No insider access. Just pure market expectations traded on Binance Futures via the new SPCXUSDT Pre-IPO Perpetual. This isn’t buying shares early. It’s trading the market’s anticipation of IPO pricing and post-listing valuation through perpetual contracts. 📍 How it works: - Stage 1: Anchored to IPO price range midpoint - Stage 2: Transitions to final IPO price - Stage 3: Becomes standard stock perpetual after listing 📊 Pre-IPO trading lets you participate in one of TradFi’s most exclusive narratives — but it comes with real risks: changing price ranges, possible IPO cancellation, lower liquidity, and stricter limits. 🔶 Binance is bringing IPO expectations on-chain and opening them to everyone. Who’s trading the SpaceX hype? 👀 🔗 Read the full announcement:
0:20

🚀 #Binance just launched Pre-IPO Perpetual Futures — starting with #SpaceX. ➡️ For the first time, #crypto traders can get real #market exposure to one of the most anticipated IPOs in history before it even lists. No private allocations. No insider access. Just pure market expectations traded on Binance Futures via the new SPCXUSDT Pre-IPO Perpetual. This isn’t buying shares early. It’s trading the market’s anticipation of IPO pricing and post-listing valuation through perpetual contracts. 📍 How it works: - Stage 1: Anchored to IPO price range midpoint - Stage 2: Transitions to final IPO price - Stage 3: Becomes standard stock perpetual after listing 📊 Pre-IPO trading lets you participate in one of TradFi’s most exclusive narratives — but it comes with real risks: changing price ranges, possible IPO cancellation, lower liquidity, and stricter limits. 🔶 Binance is bringing IPO expectations on-chain and opening them to everyone. Who’s trading the SpaceX hype? 👀 🔗 Read the full announcement:

Crypto Holding™ 💎

191,649 views • 3 months ago

Introducing Ventuals V2, and our new frontend app. 24/7 trading, 365 days a year. Pre-IPO, indices, stocks, commodities, and more. With prediction markets, earning reports, and breaking news at your fingertips. The most powerful way to trade tradfi perps. Live today.
0:58

Introducing Ventuals V2, and our new frontend app. 24/7 trading, 365 days a year. Pre-IPO, indices, stocks, commodities, and more. With prediction markets, earning reports, and breaking news at your fingertips. The most powerful way to trade tradfi perps. Live today.

Ventuals

87,962 views • 6 months ago

Critics say pre-Initial Public Offering (IPO) companies like SpaceX, OpenAI, and Anthropic are money-losing companies with sky-high valuations. On FOX Business with Maria Bartiromo, Cathie Wood explained why those focused on short-term losses could be missing some of the biggest moats in the market.
1:27

Critics say pre-Initial Public Offering (IPO) companies like SpaceX, OpenAI, and Anthropic are money-losing companies with sky-high valuations. On FOX Business with Maria Bartiromo, Cathie Wood explained why those focused on short-term losses could be missing some of the biggest moats in the market.

ARK Invest

231,290 views • 2 months ago

LIVE NOW - The $200 Billion Shadow Market Behind Anthropic's Stock | Dio Casares Anthropic's secondary market is tens of billions of dollars deep, stacked with SPVs on top of SPVs charging 10% fees plus carry, and almost entirely opaque. Diogenes of Patagon Markets breaks down how it actually works: - which deals Anthropic blesses and which get cease-and-desists, - why fake share certificates show up in 10-20% of executed deals, - what tokenized equities and pre-IPO perps actually represent, - and the mess of lawsuits and stuck shares coming when Anthropic finally IPOs. Enjoy. -------------- TIMESTAMPS 0:00 Intro 0:40 What is Going on in Secondary Markets? 7:03 How Anthropic Secondary Markets Unfold 14:51 Anthropic’s Secondaries Social Elite 19:00 Emerging SPV Structure 21:51 Accidental Frauds? 27:04 After IPO Consequences 35:13 Private Market Lessons 38:21 Patagon Markets 43:54 Tokenized Perps 44:57 Closing Thoughts
45:47

LIVE NOW - The $200 Billion Shadow Market Behind Anthropic's Stock | Dio Casares Anthropic's secondary market is tens of billions of dollars deep, stacked with SPVs on top of SPVs charging 10% fees plus carry, and almost entirely opaque. Diogenes of Patagon Markets breaks down how it actually works: - which deals Anthropic blesses and which get cease-and-desists, - why fake share certificates show up in 10-20% of executed deals, - what tokenized equities and pre-IPO perps actually represent, - and the mess of lawsuits and stuck shares coming when Anthropic finally IPOs. Enjoy. -------------- TIMESTAMPS 0:00 Intro 0:40 What is Going on in Secondary Markets? 7:03 How Anthropic Secondary Markets Unfold 14:51 Anthropic’s Secondaries Social Elite 19:00 Emerging SPV Structure 21:51 Accidental Frauds? 27:04 After IPO Consequences 35:13 Private Market Lessons 38:21 Patagon Markets 43:54 Tokenized Perps 44:57 Closing Thoughts

Bankless

444,479 views • 3 months ago

1/13 Get ready to experience the future of trading with SNX Perps V2! 🚀 Perps V2 is now LIVE, featuring 5-10 bp trading fees and deep liquidity for traders. All tradable on fully decentralized trading frontends Kwenta & Decentrex on @optimismFND!
0:35

1/13 Get ready to experience the future of trading with SNX Perps V2! 🚀 Perps V2 is now LIVE, featuring 5-10 bp trading fees and deep liquidity for traders. All tradable on fully decentralized trading frontends Kwenta & Decentrex on @optimismFND!

Synthetix ⚔️

168,920 views • 3 years ago

BREAKING: 🇺🇸 THE LARGEST CRYPTO PREDICTION MARKETPLACE JUST LAUNCHED THE FIRST-EVER PRO TERMINAL IN THE US TO TRADE PERPS - MULTIPLE LIVE MARKETS ON ONE SCREEN - FAST EXECUTION - CUSTOMIZABLE LAYOUTS KALSHI PRO JUST CHANGED THE GAME FOR TRADERS. BULLISH FOR MARKETS 🚀
0:29

BREAKING: 🇺🇸 THE LARGEST CRYPTO PREDICTION MARKETPLACE JUST LAUNCHED THE FIRST-EVER PRO TERMINAL IN THE US TO TRADE PERPS - MULTIPLE LIVE MARKETS ON ONE SCREEN - FAST EXECUTION - CUSTOMIZABLE LAYOUTS KALSHI PRO JUST CHANGED THE GAME FOR TRADERS. BULLISH FOR MARKETS 🚀

Vivek Sen

17,331 views • 1 month ago