Binance’s OPENAIUSDT perpetual names OpenAI Group PBC as its reference equity, and the exchange says it does not endorse company valuations inferred from the contract quote.
Binance’s notice names OpenAI Group PBC as the reference equity for OPENAIUSDT, a pre-IPO perpetual that settles in Tether (USDT). Its terms set the reference share base at an estimated 1 billion and state that Binance does not endorse a company valuation derived from the contract price. EconoTimes previously examined how contracts tied to OpenAI and Anthropic can signal market expectations without setting company valuations.
OpenAI’s March 31 announcement put monthly revenue at $2 billion at the time and said the company had closed a financing round. The round had a post-money valuation of $852 billion, with $122 billion in investor commitments; the announcement contains no November revenue figure.
While the Premium Index is unavailable, Binance’s notice specifies a 0.005% funding rate per interval. That figure is a contract parameter; it does not, by itself, show traders’ positioning.
Binance says a later notice tied to an official IPO listing would precede any move to standard perpetuals. The notice sets no date for the transition and warns traders about margin and liquidation risks.
