OKX launches pre-IPO perpetual contracts for SpaceX, OpenAI, and Anthropic.

CoinFeed reported on May 7th that OKX has launched pre-IPO perpetual contracts for SPACEX/USDT, OPENAI/USDT, and ANTHROPIC/USDT, opening for trading at 17:00, 17:15, and 17:30 (UTC+8) on May 7th. These products are settled in USDT, with a contract value of 1 unit, leverage ranging from 0.01 to 5 times, a fixed daily funding rate of 0%, and support for 24/7 trading. The contracts are currently priced at "one billionth of the company's market capitalization," with an estimated total share capital of 1 billion shares. A rebase will be implemented after the company submits its S-1 filing to disclose the actual share capital, and the contracts will automatically convert to standard stock perpetual contracts after the IPO.