{"id":32794,"date":"2026-06-23T15:21:14","date_gmt":"2026-06-23T15:21:14","guid":{"rendered":"https:\/\/bitunikey.com\/news\/anthropic-futures-shrug-off-coinbase-debut-and-hit-fresh-lows\/"},"modified":"2026-06-23T15:21:22","modified_gmt":"2026-06-23T15:21:22","slug":"anthropic-futures-shrug-off-coinbase-debut-and-hit-fresh-lows","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/anthropic-futures-shrug-off-coinbase-debut-and-hit-fresh-lows\/","title":{"rendered":"Anthropic futures shrug off Coinbase debut and hit fresh lows"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">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.<\/p>\n<div id=\"cn-block-summary-block_38f9bc16e2fa8719ca0737ee4171e082\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Anthropic pre-IPO futures fell up to 9% after their Coinbase debut, with contracts on Coinbase and Binance hitting fresh lows.<\/li>\n<li>Traders appear cautious after SpaceX pre-IPO contracts traded above the eventual IPO price, exposing some investors to losses.<\/li>\n<li>Coinbase has warned that Anthropic\u2019s final IPO price could differ by as much as 25% from current perpetual futures levels.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>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 exchange\u2019s listing effect that has historically boosted some newly listed assets, Anthropic futures moved sharply lower within a day of launch.<\/p>\n<p>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.<\/p>\n<p>Similar price action emerged on competing venues. Binance\u2019s ANTHROPIC\/USDT perpetual contract dropped about 5% between June 22 and June 23 to roughly $1,630. As per data from TradingView, the Binance contract had traded near $1,700 before Coinbase introduced its Anthropic futures product, implying a decline of approximately 9% since the listing took place. The contract also touched an all-time low of $1,545 on June 23.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/OxW5RU4Q\/\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p>The weakness comes despite Anthropic <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/micron-anthropic-sign-ai-infrastructure-supply-agreement-2026-06-22\/\" target=\"_blank\" rel=\"nofollow\">announcing<\/a> a partnership with Micron Technology, a company valued at roughly $1.37 trillion, suggesting that traders have remained focused on pricing risks surrounding the eventual IPO rather than recent business developments.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">SpaceX experience weighs on pre-IPO sentiment<\/h2>\n<p>Recent trading activity has drawn comparisons with the path taken by SpaceX-related contracts before the aerospace company\u2019s public debut.<\/p>\n<p>According to crypto.news, some investors appear to be reassessing the risks attached to pre-IPO perpetual products after SpaceX contracts traded well above the eventual IPO price. SpaceX pre-IPO perpetuals changed hands around $155 before the company\u2019s Nasdaq debut, about 15% higher than its $135 IPO price, leaving some traders exposed to losses once public trading began.<\/p>\n<p>Subsequent developments in the stock market have added to those concerns. As previously reported by crypto.news, SpaceX shares fell more than 10% after analysts at KeyBanc initiated coverage with a \u201cSector Weight\u201d rating while declining to issue a price target. The brokerage said SpaceX remained well positioned within the launch industry but argued that much of the company\u2019s future growth may already be reflected in its valuation.<\/p>\n<p>Following that decline, Cathie Wood\u2019s Ark Invest purchased nearly $32.5 million worth of SpaceX shares across four exchange-traded funds after the stock retreated more than 16% from recent highs.<\/p>\n<h2 class=\"wp-block-heading\">IPO pricing uncertainty remains unresolved<\/h2>\n<p>Another factor keeping traders cautious is the lack of information surrounding Anthropic\u2019s eventual IPO terms.<\/p>\n<p>Notably, Anthropic has not yet disclosed the number of shares it plans to sell through its IPO filing, making it difficult for exchanges to anchor perpetual futures pricing to a future public-market valuation. As a result, the eventual IPO price could settle either above or below current futures levels once additional details become available.<\/p>\n<p>Coinbase has already highlighted this risk to market participants. The exchange warned that the final IPO price could end up 25% higher or 25% lower than where the perpetual contracts trade before listing.<\/p>\n<p>Elsewhere in the private-market sector, interest in pre-IPO opportunities continues to grow. Last week, crypto.news reported that Kalshi had surpassed a $2 billion annualized revenue run rate and had begun early discussions with investment banks about a potential public offering, weeks after raising $1 billion in funding at a $22 billion valuation.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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. Summary&hellip;<\/p>\n","protected":false},"author":1,"featured_media":32795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=32794"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32794\/revisions"}],"predecessor-version":[{"id":32796,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32794\/revisions\/32796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/32795"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=32794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=32794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=32794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}