Trade[XYZ] lists an Anthropic pre-IPO perp on Hyperliquid with up to 10x leverage
ANT tracks the expected price of one Anthropic Class A share before the stock lists. It holds no shares, settles in USDC and is not offered to US residents.
· Effective · Verified 2026-11-01 via official announcement
Effective Oct 26, 2026: Trade[XYZ] lists an Anthropic pre-IPO perp on Hyperliquid with up to 10x leverage. Affects: Traders outside the US. Source: x.com, verified Nov 1, 2026. trade.xyz code DEXSHEET (4% off fees).
Trade[XYZ] opened a pre-IPO perpetual market for Anthropic on 26 October 2026, trading on Hyperliquid under the ticker xyz:ANT. The contract references one share of Anthropic, PBC Class A common stock, which Trade[XYZ]'s docs list under the expected Nasdaq ticker ANT, and allows up to 10x leverage.
Trade[XYZ] said on X at 14:09 UTC on 26 October that its pre-IPO market for Anthropic was live. Its pre-IPO specification index lists ANT with cross margin, a maximum leverage of 10x and an anticipated listing date of 20 November 2026, which it says is for reference only and may differ significantly from the actual IPO date. Hyperliquid's market data shows growth mode switched on for xyz:ANT, which puts it on Trade[XYZ]'s lower fee schedule of 0.009% taker and 0.003% maker at the base tier.
Until Anthropic lists, there is no public share price to follow, so ANT is priced by trading on its own order book, within discovery bounds that limit how far the mark price can move from its reference price. Once the shares trade, Trade[XYZ] expects ANT to convert into a standard perp that tracks the listed stock. Its docs allow a listing delay of up to 60 days, to 19 January 2027; CoinDesk reports that if Anthropic has not listed by then, the contract settles in cash at its average traded price since launch.
Hyperliquid's daily data shows ANT opening at $138 on 26 October and trading as low as $109.05 that day; it was near $110.65 early on 1 November. CoinDesk notes that the contract gives holders no claim on Anthropic shares, that Anthropic has not commented on it, and that a second Anthropic contract on Hyperliquid, Entropy's ANTH, tracks company valuation rather than share price.
Trade[XYZ]'s Terms of Use list residents of the United States, Canada and the United Kingdom as restricted. The separate ICE plan for a US-regulated version of its markets still needs regulatory approval.
“The Pre-IPO Perpetual (IPOP) Market for Anthropic is now live.”
— Trade[XYZ] on X
Who this affects
Traders outside the US, Canada and the UK who want leveraged exposure to Anthropic's expected share price before its IPO from a Hyperliquid account.
trade.xyz at a glance
trade.xyz deploys perpetual markets on Hyperliquid through HIP-3, covering US and Asian stocks, ETFs, equity indices, commodities, FX and pre-IPO companies, all margined and settled in USDC. Hyperliquid's own engine matches orders and holds positions; trade.xyz sets the market rules and price feeds and runs a web interface at app.trade.xyz.
Full trade.xyz sheet · 0.018% round trip · Also affects Hyperliquid
More from the newsroom
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- trade.xyz on X - The Pre-IPO Perpetual (IPOP) Market for Anthropic is now live (2026-10-26 14:09 UTC) — checked 2026-11-01
- trade.xyz docs - Pre-IPO Specification Index (ANT: live, cross margin, 10x, anticipated listing 2026-11-20, grace to 2027-01-19) — checked 2026-11-01
- Hyperliquid info API - xyz dex meta (xyz:ANT maxLeverage 10, growth mode enabled) and daily candles from 2026-10-26 — checked 2026-11-01
- trade.xyz docs - Discovery Bounds — checked 2026-11-01
- trade.xyz docs - Fees (growth-mode markets 0.009% taker, 0.003% maker at the base tier) — checked 2026-10-20
- CoinDesk - Traders are already placing leveraged bets on Anthropic's IPO using crypto contracts (2026-10-31) — checked 2026-11-01
- trade.xyz Terms of Use (last updated 2026-09-06), section 2.2 restricted persons — checked 2026-10-29
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