Binance Lists OpenAI Pre-IPO Perpetual Contract on Futures Platform
Binance has listed the OPENAIUSDT Pre-IPO Perpetual Contract on Binance Futures, announced in a press release. The contract is based on the expected public market valuation of OpenAI and is the second Pre-IPO Perpetual offering introduced by the exchange.
The launch follows the debut of Binance's first Pre-IPO Perpetual linked to SpaceX, which recorded over 280 million US dollars in cumulative trading volume within five days. The new category of contracts is designed to give eligible users access to pricing expectations around private companies ahead of their potential initial public offerings.
According to Binance, these contracts reflect publicly available pricing signals before an IPO and transition to mirror live market performance once trading begins. If an IPO is delayed or canceled, Binance will provide advance notice of delisting and settle contracts through a defined process.
The OPENAIUSDT Pre-IPO Perpetual is margined and settled in USDT, offering traders a way to participate in market sentiment surrounding one of the most closely followed technology companies prior to its public listing.
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