Kraken opens Anthropic IPO requests through ANTx xStocks until 18 November

What Kraken opened

Kraken posted on 10 November 2026 at 17:01 UTC that Anthropic IPO access is now open, with a link to place a request. Four days earlier the exchange had only said the offer was coming soon; now the request button is live. Kraken's Anthropic page shows the status as Open now and says requests run until 18 November at 17:00 UTC.

What you request is ANTx, a tokenized xStock that follows Anthropic's shares, priced at the initial offering price plus a 5% spread. If your request is filled, ANTx lands in your Kraken account when Anthropic lists, which Kraken expects on 19 November. The short video attached to the post sums it up as getting in before it lists, at the IPO price, with a footnote that other fees or spread may apply.

How to place a request

You need a verified Kraken account and the xStocks questionnaire completed for your region; the app prompts you if that step is missing. In the Kraken app, open Explore, tap Pre-order on the Anthropic IPO card, enter an amount, then review the order, accept the agreements and tap Submit conditional offer to buy. The website and Kraken Pro have the same flow from their home pages.

The money is reserved, not taken, and you cannot use it for anything else while it waits. You can pay in USD, USDC or USDG, but stablecoins are converted to dollars when you submit and refunds come back in dollars. A request cannot be edited; to change the amount you cancel it and submit a new one. Pending requests sit under More, then Queued orders.

Costs, cancellation and allocation

Kraken charges the 5% spread only on the part of your request that is actually filled, and says other fees may apply. Cancelling is free at any time before the IPO, but before the window closes Kraken sends a final cancellation notice. After that point your request becomes binding.

Kraken does not decide who gets shares, and requests are not handled first come, first served. The IPO underwriters allocate based on demand, and Kraken warns that a popular offering like this may be shared out pro rata, so you can receive everything, part or nothing. On listing day the final price is set, allocations are processed and any unused money is returned the same day. Trading opens later that day with no lock-up, and Kraken notes that Anthropic, not Kraken, sets the listing date, which can move.

What ANTx is, and who is left out

Each ANTx is backed one to one by an Anthropic share held by Backed Assets (JE) Limited, the xStocks issuer. It gives price exposure only: no voting rights and no direct ownership of the share. Kraken's page says xStocks trade 24/5 in the EEA once listed. ANTx is also a different product from the ANTHROPICx pre-IPO perpetual futures Kraken already lists.

The offer is not available in the US or to US persons, or in the UK, Canada, Japan, Australia, New Zealand or sanctioned jurisdictions. Kraken's US page says US clients cannot request IPO shares but can buy Anthropic as a regular US stock on Kraken from its first day of trading, where available.

Our take

This turns our 6 November teaser story into a live, time-limited decision. The appeal is the offering price; the cost is a 5% spread on whatever is filled, so you pay 5% more than the offering price before trading even starts. Request only an amount you are comfortable having locked until listing day, expect a partial fill on a deal this popular, and watch for Kraken's final cancellation notice, because after it you cannot back out.