Coinbase Wallet adds Anthropic pre-IPO perps for non-US users in select jurisdictions

What Coinbase Wallet announced

Coinbase Wallet said on its official X account shortly after midnight UTC on 27 October 2026 that Anthropic pre-IPO perps are now available for trading in the app. The post opens with a joke borrowed from AI chatbot replies, "You're absolutely right, I should have told you", a nod to Anthropic being the company behind the Claude models. The attached graphic simply reads New Market, Anthropic, Pre-IPO Perps, next to the Coinbase Wallet logo.

A perpetual future, or perp, is a contract with no expiry date that tracks a price and lets traders bet on it rising or falling. A pre-IPO perp applies that idea to a company that is not listed on a stock exchange yet, so there is no public share price behind it. Coinbase Wallet already offers perps in the app, and the same disclosure language it used for those applies here.

A derivative, not a stake in Anthropic

The disclosure Coinbase Wallet posted under the announcement is explicit. Pre-IPO perps are synthetic derivatives, not shares, equity, IPO allocations or any right to acquire securities. No company named in the post is affiliated with or responsible for these markets, so Anthropic has no role in the product.

Prices come from order book activity and public information rather than an official valuation, and they may end up far from any eventual IPO or listing price. If the listing is delayed, cancelled or restructured, trading can be halted or positions settled away from where you entered.

Who can trade it, and what is missing

Coinbase Wallet says perpetual futures are only available to non-US users in select jurisdictions, without listing those jurisdictions in the posts, so the app is the place to check. It warns that the risk can be substantial, including total loss of funds, and may not suit everyone.

The announcement does not state the maximum leverage, fees, funding rates or an end date for this market. Those details are not published in the posts, so check them in the app before trading rather than assuming they match other perps markets.

Our take

Several wallets and exchanges have opened Anthropic pre-IPO perps in the past few days, and the pitch is the same: a way to take a view on a famous private company. Treat it as a speculative bet on sentiment rather than an investment in Anthropic, size any position as money you can afford to lose entirely, and keep leverage low.