Entropy unveiled the first liquid way to trade Anthropic, listing pre-IPO perps on Hyperliquid after raising $14M led by Ribbit Capital plus a $40M HYPE stake.

The markets use liquidity-weighted oracles and custom funding mechanics to keep frontier assets, from pre-IPO companies to compute and global indices, trading 24/7 with deep liquidity in a single venue. Anthropic and SNDK perps are the first live markets, priced with real-time RedStone data.

The team comes from Citadel Securities, Optiver, Polymarket and Millennium, pitching a world where every asset trades around the clock in one place. The launch also reignites price discovery around Anthropic's valuation after an earlier market closure.

You can trade the new markets on Entropy.

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