OKX brings OpenAI and Anthropic bets to Europe as pre-IPO trading grows
Crypto exchange OKX is expanding its pre-IPO trading products into Europe, enabling bets on private companies including OpenAI and Anthropic. The platform is offering up to 10x leverage on private-company valuations and listing about 100 tokenized stocks and ETFs for European users.

Why It Matters
This move brings leveraged exposure to late-stage private companies and a broad set of tokenized equities to a wider retail market, at a time when trading in pre-IPO assets is gaining traction. That combination could change how European investors access private-company returns and public-market alternatives.
Key Facts
- Exchange: OKX
- Region targeted: Europe
- Notable private companies available: OpenAI and Anthropic
- Maximum leverage on private-company valuations: Up to 10x
- Tokenized securities offered: About 100 tokenized stocks and ETFs
OKX has expanded its pre-IPO trading offerings into the European market, making bets on private companies such as OpenAI and Anthropic available to users in the region. The exchange pairs these private-company exposures with margin: customers can access up to 10x leverage on valuations of those private firms.
Alongside the leveraged private-company products, OKX is marketing roughly 100 tokenized stocks and ETFs to European clients. These tokenized securities are presented as an additional route for investors to gain exposure to shares and exchange-traded funds through the crypto exchange's platform.
The launch comes amid a broader rise in pre-IPO trading activity, with OKX positioning its service to capture demand for access to late-stage private assets. By combining high leverage on private-company valuations with a sizable catalog of tokenized public securities, the exchange is scaling the range of products available to retail traders in Europe.
OKX’s package therefore links two trends — growth in trading of pre-IPO stakes and the expansion of tokenized equity offerings — into a single product suite for European users. The exchange’s approach emphasizes expanded access to private-company returns and alternative instruments via its platform.
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Original source: CoinDesk