OKX Launches Pre-IPO Markets for OpenAI and 100 Tokenized Stocks in Europe

OKX has expanded its offerings by introducing pre-IPO markets and tokenized stocks for eligible traders in Europe. This move allows customers to engage with private-company valuations and public equities around the clock, marking a significant shift beyond traditional crypto trading.

The exchange is initially offering pre-IPO X-Perps linked to OpenAI and Anthropic, enabling traders to take leveraged positions with up to 10x leverage. Users can open or close positions at any time, with plans for OKX to continue adding new pre-IPO markets as opportunities arise.

In addition to the pre-IPO offerings, OKX has launched 100 tokenized stock markets, including notable companies like SpaceX, Google, NVIDIA, and Palantir, as well as SPY and QQQ ETFs. Traders can buy, sell, or convert these tokens and trade outside regular market hours using various order types, including limit and market orders.

These tokenized stocks are designed to track the underlying stock prices but do not confer direct ownership or voting rights to holders. OKX Europe CEO Erald Ghoos noted that access to pre-IPO exposure has been limited for many European traders through traditional brokerage platforms. He also highlighted a significant increase in X-Perps volume in Europe since the MiCA transition period concluded in July, suggesting that these new products enhance market access for traders without relying on unregulated platforms.

Both pre-IPO and tokenized stock products are integrated within the same OKX account, allowing users to utilize a shared margin balance and various trading bots across crypto and stock offerings.