Ventuals (vHYPE), the platform that offers trading of private-company stocks such as OpenAI and Anthropic on Hyperliquid (HYPE), announced on June 15 that it was shutting down. Hyperliquid is
Ventuals (vHYPE), the platform that offers trading of private-company stocks such as OpenAI and Anthropic on Hyperliquid (HYPE), announced on June 15 that it was shutting down.
Hyperliquid is a decentralized exchange offering high-leverage perpetuals trading of cryptocurrencies, commodities, and tokenized stocks. It has become very popular, attracting a large number of high-frequency and speculative crypto traders.
Traders come to Hyperliquid to speculate on commodities, equities, and private-company valuations through blockchain-based markets.
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One such platform is Ventuals, which is best known for offering perpetual future contracts tied to OpenAI and Anthropic valuations on Hyperliquid.
Amid the hype around the SpaceX IPO, investors are now awaiting the IPOs of these two tech giants.
Note that these companies aren't yet public, but Hyperliquid's HIP-3 framework allows third-parties to create perpetual futures markets tied to these companies.
Think of it like betting on a private company's valuation rather than investing in the company. If OpenAI or Anthropic doubles in perceived value, a trader can profit from the contract. But it doesn't offer you any real company shares because it's a third-party contract.
The OpenAI and Anthropic perpetuals markets on Hyperliquid, offered by Ventuals, provided investors indirect exposure to two of the world's leading artificial intelligence (AI) companies.
But the platform said Monday it is shutting down and immediately halting trading in the OpenAI and Anthropic markets. All positions will get automatically settled.
Other markets such as soy and wheat commodities, energy and biotech indices, etc. will also close soon, the platform said.
Ventuals said it has traded over $650 million in volume and raised over 500,000 HYPE tokens. The team said it has decided to join another project building within the Hyperliquid ecosystem.
With the exit of Ventuals, Hyperliquid doesn't list any perpetuals tied to OpenAI and Anthropic now.
