Known as Pre-IPO Perps, the contracts allow eligible wholesale clients to take long or short positions on the implied valuations of private companies. Trading is available around the clock, with leverage of up to 10x.

Known as Pre-IPO Perps, the contracts allow eligible wholesale clients to take long or short positions on the implied valuations of private companies. Trading is available around the clock, with leverage of up to 10x.

OKX Australia explained that Pre-IPO Perps are derivative contracts that provide price exposure to a private company’s implied valuation. They do not represent shares or ownership in the underlying company, and their market price does not constitute an official company…