The gap between digital assets and traditional public company stocks has been narrowing, and recently, that trend has been accelerating.
On Monday, Coinbase (COIN) officially launched pre-IPO perpetual futures contracts tied to artificial intelligence heavyweights OpenAI and Anthropic, following its earlier rollout of a similar vehicle for the recently public SpaceX (SPCX). This move allows eligible non-U.S. retail traders to gain synthetic price exposure to high-profile, venture-backed private firms before they ever reach a public stock exchange. A decade ago, this might have been considered akin to virtual reality. Now, it’s very much real.