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OKX has launched Pre-IPO perpetual futures, introducing USDT-settled contracts that allow traders to gain exposure to the market-cap valuation of selected private companies before they go public.
OKX has announced the launch of Pre-IPO perpetual futures, a product that allows traders to gain synthetic exposure to the market capitalization valuation of selected private companies prior to their initial public offering. These USDT-settled contracts are priced on a per-share basis and do not provide equity ownership or voting rights; instead, they enable speculation on fluctuations in the estimated valuation of a company.
The contracts automatically convert to standard stock perpetuals following the IPO. OKX outlines that estimated share counts are used initially, with a one-time rebase to adjust positions when the actual figure is disclosed. The platform notes potential risks including price volatility, rebase adjustments, and the lack of direct equity ownership.
OKX (also known as OKEX) is a cryptocurrency exchange operating since 2017, offering trading and storage for a wide selection of over 100 cryptocurrencies, including BTC, ETH, LTC, and XRP. The platform provides investment programs, margin trading, a proprietary educational academy, and supports access in 20 languages, along with a mobile application. For more details, see the broker profile on Traders Union.
For more background, our earlier news about OKX highlighted the launch of 'The Beautiful Game'—a free prediction market for the 2026 FIFA World Cup where users can win Bitcoin rewards. You can read more details in the previous OKX update on Traders Union.