Binance's ANTHROPICUSDT perpetual traded at $2,168.26 on Sept. 9, implying an Anthropic valuation above $2.1T when multiplied by Binance's estimated 1B-share denominator. The contract had $26.1M in open interest and $24.76M in 24-hour volume; a later mark was $2,122.74, with open interest up 6.1% and about $243K in liquidations.
The figure is a derivatives-market quote, not a public equity valuation. The contract does not represent Anthropic ownership, and Binance permits up to 20x leverage. Anthropic's latest disclosed private valuation was $965B in May.
IPO terms and a listed market could reset the anchor. Until an external index exists, the $2.1T figure depends on Binance's participants, contract rules and estimated share count.
Frequently asked questions
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How did Binance's contract generate the $2.1T Anthropic figure?
The $2,168.26 contract price was multiplied by Binance's estimated 1B-share denominator. That creates an implied value, not a confirmed equity valuation.
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What trading activity accompanied the $2.1T implied value?
The contract had $26.1M in open interest and $24.76M in 24-hour volume. A later mark was $2,122.74, with open interest up 6.1% and about $243K in liquidations.
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Does ANTHROPICUSDT represent ownership in Anthropic?
No. The contract is a derivatives-market quote and does not represent ownership in Anthropic.
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How does the contract quote differ from Anthropic's private valuation?
The quote is shaped by Binance's participants, contract rules and estimated share count, while Anthropic's latest disclosed private valuation was $965B in May.
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What could reset the contract's valuation anchor?
IPO terms and a listed market could provide an external price index and reset the reference. Until then, the figure remains tied to Binance's market and contract rules.
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