Binance: OpenAI Perps Open Interest Hits $160M

Binance Research data reveals private markets expansion accelerating as listed US companies fall from 8,000+ in the late 1990s to under 4,000 today, with 87% of firms above $100M revenue now private and 1,300 unicorns valued at $4.7T combined. Pre-IPO trading crypto gains traction through perpetuals, where Anthropic and OpenAI open interest crossed $160M in September from roughly $1M in April, Binance capturing about one-third of that market. OpenAI perps jumped 15% on the platform after GPT Astra launch before reversing on IPO delay signals, allowing retail price discovery ahead of listings despite cash-settled contract risks and no equity ownership. BTC traders monitor these venues as the shift from IPOs to internet capital markets deepens.