From Bitcoin to Anthropic: How PrimeXBT Is Expanding Crypto Futures Beyond Coins

The traditional crypto perpetual futures market, averaging approximately $4.7 trillion in monthly trading volume according to CoinGecko Research, is now expanding beyond digital assets to include publicly listed companies and businesses preparing for IPOs. PrimeXBT, a global multi-asset broker, is at the forefront of this shift, having recently introduced Tokenized Stock Crypto Futures and now preparing to expand further with Pre-IPO Trading, starting with Anthropic.

From Crypto to Company Markets

The expansion of perpetual futures beyond cryptocurrencies gained momentum earlier this year as major exchanges began introducing contracts linked to private companies like SpaceX and OpenAI. These contracts apply the familiar crypto futures structure to different markets, allowing traders to take long or short positions through USDT-quoted derivatives without owning the underlying shares.

For listed companies, prices are influenced by movements in the underlying stock, while for private companies preparing to go public, prices reflect market expectations about potential valuations and upcoming listings. SpaceX's June IPO demonstrated the interest surrounding major public debuts, with shares closing their first trading day at $160.95, approximately 19% above the IPO price.

PrimeXBT's Tokenized Stock Expansion

PrimeXBT began expanding into company-linked crypto futures in October, introducing seven Tokenized Stock Crypto Futures contracts linked to SpaceX, NVIDIA, Tesla, Circle, Apple, Alphabet and Robinhood. These USDT-quoted derivatives allow traders to take positions on share price movements without owning the underlying shares.

Available 24/7, these contracts extend PrimeXBT's offering beyond cryptocurrencies, giving traders round-the-clock access to major companies through a crypto-native trading structure. They complement the broker's existing range of more than 350 markets on PXTrader 2.0, which supports accounts denominated in USD, USDT, USDC, BTC and ETH.

Anthropic Pre-IPO Trading

PrimeXBT is now preparing to introduce Pre-IPO Trading as a new category within its Crypto Futures offering, beginning with ANTHROPIC/USDT. The USDT-margined perpetual will trade 24/7, allowing traders to take positions on Anthropic's market-implied valuation ahead of its public listing.

Anthropic filed its public IPO registration with the SEC on October 26, proposing a Nasdaq listing under the ticker ANT with an indicative offering price of $70-$78 per share, with public trading expected to begin on November 19. Unlike tokenized stock futures linked to publicly traded companies, ANTHROPIC/USDT will initially have no official share price to follow.

Future of Crypto Futures

The expansion of crypto futures beyond cryptocurrencies is opening new opportunities for traders to access major market developments, from established global companies to highly anticipated public listings. With tokenized stock futures already available and pre-IPO trading planned to launch, PrimeXBT is bringing these opportunities together on PXTrader 2.0.

Following Anthropic's public debut, the contract is designed to transition into a standard perpetual crypto futures contract linked to the listed stock. If the IPO is cancelled, the contract may be delisted, with open positions closed or settled at a reference price following advance notice.