You can’t buy OpenAI. You can’t buy Anthropic. You can already trade the valuation. 👇
87% of US firms making over $100M are still private. That’s about $4.7T sitting behind closed doors while companies wait 12 years to list.
Note that: Pre IPO perps are cash settled contracts. No shares sit behind them. Tokenized claims pay out at listing, but they are not equity. Same company. Two very different products.
Anthropic and OpenAI open interest crossed $160M in September, up from about $1M in April. Binance holds roughly a third of that market.
GPT Astra dropped and the perps jumped about 15%. Altman hinted at an IPO delay and they fell. Private news is already moving the price.
Full report: https://www.binance.com/en/research/analysis/from-ipo-to-internet-capital-markets
#Macro Insights# #Binance #AI
87% of US firms making over $100M are still private. That’s about $4.7T sitting behind closed doors while companies wait 12 years to list.
Note that: Pre IPO perps are cash settled contracts. No shares sit behind them. Tokenized claims pay out at listing, but they are not equity. Same company. Two very different products.
Anthropic and OpenAI open interest crossed $160M in September, up from about $1M in April. Binance holds roughly a third of that market.
GPT Astra dropped and the perps jumped about 15%. Altman hinted at an IPO delay and they fell. Private news is already moving the price.
Full report: https://www.binance.com/en/research/analysis/from-ipo-to-internet-capital-markets
#Macro Insights# #Binance #AI
