STARTRADER and PU Prime Pre-IPO CFD Products for OpenAI and Anthropic: What We Know

In late June 2026, several online brokers and crypto exchanges launched pre-IPO derivative products tied to OpenAI and Anthropic — two of the most anticipated AI companies heading toward public markets. But not every broker listed both companies, and the product types vary significantly. Here is what the available sources confirm, and what they do not.

STARTRADER: Confirmed Pre-IPO CFDs for OpenAI and Anthropic

STARTRADER, a global multi-asset brokerage, announced on June 29, 2026, that it had launched two new pre-IPO CFD products: OPENAIUSD (tracking OpenAI) and ANTHUSD (tracking Anthropic) . The products began trading immediately upon announcement.

Key details from the STARTRADER announcement:

• Symbols: OPENAIUSD, ANTHUSD
• Leverage: 5x
• Trading hours: 24/7 (7×24)
• Available to: Both retail and institutional traders

The brokerage stated the products were introduced to meet investor demand for early exposure to leading AI companies ahead of their IPOs, and that the launch expanded STARTRADER's pre-IPO and thematic CFD product line .

PU Prime: No OpenAI or Anthropic Pre-IPO CFDs Confirmed

Contrary to some reports, PU Prime did not launch pre-IPO CFDs for OpenAI or Anthropic in late June 2026. The available evidence shows that PU Prime launched a pre-IPO CFD for SpaceX (SPCXUSD) on May 29, 2026, ahead of SpaceX's expected Nasdaq listing . No source in the provided record shows PU Prime listing OpenAI or Anthropic products.

Coinbase and Kraken Also Launched Pre-IPO Perpetuals

While the question focused on STARTRADER and PU Prime, it is worth noting that two major crypto-native platforms independently launched pre-IPO perpetual futures on OpenAI and Anthropic during the same period, reflecting a broader competitive trend:

• Coinbase International Exchange launched ANTHROPIC-PERP and OPENAI-PERP on June 22, 2026. The contracts are USDC-settled, have no expiry, and carry a maximum of 5x leverage with a $200,000 notional cap per position. They are available only to eligible non-U.S. users .
• Kraken listed pre-IPO perpetuals on Anthropic and OpenAI on June 15, 2026, with up to 5x leverage, multi-collateral margin, no expiry, and a purpose-built synthetic pricing index designed to resist flash liquidations in thin early markets .

How Pre-IPO CFDs and Perpetuals Work

These pre-IPO derivatives are synthetic instruments — they do not represent ownership of actual shares in OpenAI or Anthropic, which remain private companies. Here is how they function according to multiple sources :

• No public shares are traded. The contracts track each company's estimated private valuation, not a public stock price.
• Traders can go long or short. This allows speculating on valuation movements before any public listing.
• No expiry. Most of these products are perpetual, with no set settlement date. Traders pay or receive funding fees based on market conditions.
• No equity or dividends. Holding the contract does not confer ownership, voting rights, or dividends.
• Automatic conversion upon IPO. Some contracts, such as Coinbase's, are designed to automatically convert into standard stock perpetual futures tracking the public stock price once the company completes its IPO .

Why These Products Were Introduced

The launches follow a clear catalyst: OpenAI confidentially filed for a U.S. IPO on June 8, 2026, after Anthropic's earlier filing. Reuters reported that both AI companies were moving toward stock market listings to tap into "insatiable investor demand for AI shares" . Brokers and exchanges responded by offering derivative-based exposure before any actual public trading began .

The Broader Trend

The simultaneous launches across STARTRADER, Coinbase, and Kraken reflect a larger market shift: online brokers and crypto exchanges are competing to offer pre-IPO derivatives on high-profile private AI companies . This trend is driven by:

• High investor demand for AI exposure before public listings .
• Broker competition to capture traders seeking early access to anticipated IPO candidates .
• A move toward derivative-based access that allows eligible traders to speculate on private-company valuations without requiring direct share ownership .

Quick Reference: Products by Platform

Platform	Product Type	Symbols	Launch Date	Leverage
STARTRADER	Pre-IPO CFDs	OPENAIUSD, ANTHUSD	June 29, 2026	5x
Coinbase	Pre-IPO perpetual futures	OPENAI-PERP, ANTHROPIC-PERP	June 22, 2026	Up to 5x
Kraken	Pre-IPO perpetuals	OPENAI, ANTHROPIC	June 15, 2026	Up to 5x
PU Prime	Pre-IPO CFD	SPCXUSD (SpaceX only)	May 29, 2026	Not specified in source

Bottom Line

STARTRADER did launch pre-IPO CFDs for OpenAI and Anthropic on June 29, 2026, with 5x leverage. PU Prime, however, launched only a SpaceX pre-IPO CFD. The broader trend across STARTRADER, Coinbase, and Kraken shows growing broker competition to offer synthetic pre-IPO exposure to private AI giants. Traders should understand that these are derivative products that track private valuations — not direct share ownership — and carry additional risk due to the lack of public market pricing.