Anthropic IPO speculation drives $80 million in crypto derivatives trading

Anticipation surrounding a potential $2 trillion IPO for Anthropic has triggered nearly $80 million in crypto derivatives bets. Open interest in futures linked to the AI developer has neared a record $80 million, with Binance accounting for approximately 40% of the activity. While Anthropic has not yet disclosed pricing or share details, traders are using pre-stock contracts to gain exposure to the company. These instruments do not represent actual shares and are not backed by spot assets, serving instead as a speculative tool for price discovery ahead of the company's expected November public debut.