trade.xyz to Launch Pre-IPO Stock Perpetual Contracts

Foresight News reports that, according to the latest updated documents from trade.xyz, the platform will launch Pre-IPO stock perpetual contracts. This market will only reflect the prices of stocks from companies about to go public and does not represent actual stock mappings. trade.xyz stated that the opening price will reference the company's most recent public funding round, disclosed valuation, IPO documents, or other relevant public information. Before the target company goes public, the Pre-IPO perpetual contract market will operate using a mechanism similar to Hyperp. Once the target company completes its public listing, the corresponding perpetual contract market will transition to a standard external pricing perpetual contract based on the listed stock. The transition will occur when sufficient external market data is available to support standard oracle pricing.