Anthropic futures shrug off Coinbase debut and hit fresh lows
Anthropic pre-IPO futures have fallen as much as 9% since their Coinbase debut, with contracts on both Coinbase and Binance sliding to new lows despite fresh attention from traders. SummaryAnthropic pre-IPO futures fell up to 9% after their Coinbase debut, with contracts on Coinbase and Binance hitting fresh lows.Traders appear cautious after SpaceX pre-IPO contracts traded above the eventual IPO price, exposing some investors to losses.Coinbase has warned that Anthropics final IPO price could differ by as much as 25% from current perpetual futures levels. As reported by crypto.news, Coinbase added Anthropic and OpenAI pre-IPO perpetual futures contracts to its growing lineup of private-market trading products on June 22. Rather than benefiting from the exchanges listing effect that has historically boosted some newly listed assets, Anthropic futures moved sharply lower within a day of launch. Per data from TradingView, the ANTHROPIC/USDC contract on Coinbase opened around $1,728 and was trading near $1,648 at the time of writing, representing a decline of roughly 7%. During the same period, the contract swung between a June 22 high of $1,769 and a June 23 low of $1,560, highlighting elevated volatility immediately after launch. Similar price action emerged on competing venues. Binances ANTHROPIC/USDT perpetual contract dropped about 5%