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

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.

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

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.