Kraken Lets Traders Bet On Oura And Moonshot Before Their IPOs

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR: Kraken Pro has launched a trading competition around perpetual futures linked to Oura and Moonshot ahead of their anticipated IPOs. The contracts provide price exposure to the private companies without conferring shares or an allocation in any future public offering. Kraken is pushing crypto-style perpetual futures into an area normally reserved for venture capital and private markets: companies that have not gone public yet. The exchange has launched a Pre-IPO Challenge centered on OURAx and MOONSHOTx perpetual contracts. The products give traders exposure to market expectations around Oura and Moonshot before either company completes an anticipated initial public offering. There is an important distinction. Buying one of the contracts does not mean owning equity in either business. Traders do not receive shares, voting rights or any allocation in an eventual IPO. These are derivatives designed to provide price exposure. Kraken allows eligible participants to trade the contracts with leverage of up to 10x. The competition runs from October 6 through November 6 and includes a ...