Crypto Exchange Binance Launches OpenAI Pre-IPO Perpetual Contract

Binance, the world’s leading cryptocurrency exchange by daily trading volume,  has announced the listing of its second Pre-IPO Perpetual Contract on Binance Futures, dubbed OPENAIUSDT Pre-IPO Perpetual. 

In a press release shared with Cryptowisser, Binance said the new product is tied to the anticipated public market valuation of OpenAI and marks another step in Binance’s push to bridge crypto trading with traditional financial market narratives.

The launch comes shortly after Binance introduced its first Pre-IPO perpetual contract linked to SpaceX, a category that has already generated significant interest among traders.

Binance Pre-IPO Contracts Cross $280 Million in Trading Volume

According to Binance, the newly launched Pre-IPO perpetual category recorded more than $280 million in cumulative trading volume within its first five days of trading following the debut of the SpaceX-linked contract.

The exchange said the early performance demonstrates strong product-market fit for the new derivatives category, which is designed to give eligible users exposure to expected valuations of major private companies before they potentially go public.

Traditionally, participation in private market price discovery has largely been limited to institutional investors and private equity participants. Binance said its Pre-IPO perpetuals aim to broaden access by offering a more flexible and liquid crypto-native alternative.

OpenAI Emerges as Key Addition to Binance’s Pre-IPO Lineup

OpenAI has become one of the most closely watched private technology firms globally amid the rapid rise of artificial intelligence adoption and investment.

By introducing the OPENAIUSDT Pre-IPO Perpetual contract, Binance is offering users a way to speculate on market expectations surrounding OpenAI ahead of any potential public listing.

“The momentum we saw in the first days of this category launch is a strong signal that users are looking for new ways to access major market narratives through crypto-native products,” said Shunyet Jan, Head of Spot and Derivatives Business at Binance.

Jan added that surpassing $280 million in trading volume within five days reinforces Binance’s broader ambition to evolve into a “financial super app” that expands user access to various financial opportunities.

Binance explained that the contracts are designed to track publicly available pricing signals before an IPO, including announced valuation ranges and final offering prices.

Once the underlying company begins trading on public markets, the contracts are expected to transition to reflect live market performance.

The exchange also noted that if a company delays or cancels its IPO plans, Binance will issue advance notice regarding any delisting procedures and settle contracts through a transparent mechanism intended to maintain a consistent user experience.

Additionally, Binance may later convert the product into a standard traditional finance perpetual contract structure once a stable market price for the underlying asset becomes available.

The OPENAIUSDT Pre-IPO Perpetual contract will be margined and settled in USDT.

Trading officially began on May 26, 2026, at 08:30 UTC. Binance said further details regarding leverage, tick size, and funding rates are available on its platform.

This latest development comes two days after Binance Wallet launched with Event Rush, offering users a fully on-chain system for speculating on real-world events with continuously shifting prices and outcome-based settlement mechanics.