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- Binance is adding OPENAIUSDT Pre-IPO Perpetual Contract after its first Pre-IPO trading has generated more than $280 million in trading volume within five days.
- This new agreement gives qualified users visibility into the market’s expected results around OpenAI ahead of public listings.
Binance is moving deeper into the cryptocurrency market. The exchange announced OPENAIUSDT Pre-IPO Perpetual on Binance Futures, its second product in the new Pre-IPO perpetual category.
The auction is scheduled to begin on May 26, 2026, 08:30 UTC. The agreement is based on the expected market indicators of OpenAI Group PBC, one of the most watched technology companies in the world.
The OpenAI partnership follows a strong partnership with SpaceX
The launch comes shortly after Binance first announced it Pre-IPO linked to SpaceX. According to Binance, the first deal recorded more than $280 million in trading volume in its first five days.
That’s the number that Binance will want the market to recognize. Pre-IPO exposure has been difficult for private investors to obtain, with most prices being found among investors, private market traders and institutional buyers. Binance is trying to turn that demand into a crypto-native product: liquid, residual, available all the time and connected to the history of the public market before it happens.
Shunyet Jan, Head of Spot and Derivatives Business at Binance, organized the initial demand as a sign that users want greater exposure to the market through cryptocurrencies.
“The speed we saw in the first days of the group’s launch is a strong sign that users are looking for new ways to get big news from the market through crypto products,” said Shunyet Jan. “Achieving more than $280 million in gross sales within five days of our first listing gives us confidence in the appeal of Pre-IPO perpetuals and our broad strategy to transform Bina’s high-profile program.”
How the OPENAIUSDT contract is formed
Pre-IPO perpetuals are designed to reflect publicly available price signals before a company goes public, including announced prices and final offering prices. Once the company becomes publicly traded, the partnership can transition to a live market.
If the IPO is canceled or postponed, Binance says it will provide advance notice of any withdrawals and implement contracts through a transparent process. Exchanges can also move the item to a permanent position TradFi perpetual framework when it can find the fixed value of the underlying object.
The OPENAIUSDT Agreement shall be limited and permanent USDT. Binance offers 20x access, and trades 24/7 and settles every eight hours.
| Details of the Agreement | OPENAIUSDT Pre-IPO Perpetual |
|---|---|
| Settlement Assets | USDT |
| Check Size | 0.01 |
| Low Cost Sales | 0.01 VIEW |
| Minimum Notional Value | 5 USD |
| Cost of Funding | During the Pre-IPO trading period: +0.005% during the investment period. After the Pre-IPO trading ends: +2.00% / -2.00%. |
| Financial interest | During the Pre-IPO trading period: 0.015% daily, or 0.005% during the investment period. After Pre-IPO trading ends: 0%. |
| Fixed Payment Frequency | Every eight hours |
| Maximum Leverage | 20x on |
| Hours of Sale | 24/7 |
| Multi-Assets Mode | Supported |
For Binance, this series is enough of a big push beyond the traditional crypto space and derivative markets. For traders, it brings to light one of the biggest AI stories on the financial front. This risk is also clear enough: these contracts do not share, and their prices depend on their expectations, investment costs and market conditions before there is real market history.
