SummaryOKX launched pre-IPO perpetual futures tied to OpenAI and Anthropic in Europe, letting eligible traders go long or short with up to 10x leverage without owning shares in either company.The exchange joins Hyperliquid and Binance in offering markets tied to private companies as crypto platforms look to meet demand for assets that are difficult for retail investors to access.OKX also added 100 tokenized stocks and ETFs, including Nvidia, Alphabet and Palantir, giving European traders round-the-clock exposure to traditional markets.Crypto exchange OKX is adding markets tied to OpenAI and Anthropic in Europe, joining other crypto exchanges in offering traders a way to speculate on private companies they can’t easily buy shares in.The exchange said Thursday it had launched pre-IPO perpetual futures for the two AI companies. Traders don’t get ownership stake in either company by participating in these products; they instead bet on how their valuations will move with the ability to go long or short with up to 10 times leverage.The products tap into growing interest in large private technology companies that have stayed off public markets. For most individual investors, getting direct exposure to companies such as OpenAI and Anthropic before an IPO is difficult, with private shares typically changing hands through funding rounds or secondary markets that can restrict who participates.Pre-IPO perpetuals offer a different route, but they aren't a substitute for the shares themselves.OKX isn't breaking new ground with the idea. Hyperliquid has markets tied to OpenAI and Anthropic through HIP-3, while Binance offers pre-IPO perpetual contracts for both companies.The launch comes alongside a separate push into tokenized stocks. OKX is making 100 stocks and exchange-traded funds (ETFs) available for trading around the clock, including Nvidia NVDA$218.83, Google GOOG$329.50 and Palantir (PLTR) as well as SPY and QQQ.Those tokens track the price of the underlying security but don't give the holder actual shares or voting rights. Some can also be withdrawn from OKX and held in a self-custody wallet.OKX Europe CEO Erald Ghoos said in a statement that demand for its derivatives business has been growing. According to the company, European trading volume in its X-Perps has risen fourfold since MiCA's transition period ended in July.12345678910