# Pre-IPO Perps are subject to high market risk and price volatility.

*fintech, genai · news · 2026-05-26 · Benzinga*

## Key points

- Pre-IPO Perps do not grant ownership of the underlying shares being referenced.
- There is no guarantee that the IPO for the referenced share will actually occur.
- Pre-IPO Perps can exhibit high volatility, especially after the official listing.
- Traders may be required to make additional margin deposits or payments at short notice.

Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Pre-IPO Perps are subject to high market risk and price volatility. There may be particularly high volatility following official listing and the price may remain lower than the final IPO price. There is no guarantee that the IPO in respect of a share will proceed. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Pre-IPO Perps do not represent ownership of the relevant underlying share. Pre-IPO Perps are not associated or affiliated with, or sponsored or endorsed by, the issuer of the relevant underlying shares. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Exchange Rules, Clearing Rules, Exchange Procedures, Clearing Procedures, Contract Specifications and Risk Warning.

**Companies:** Binance

[Read the full story on Benzinga](https://www.benzinga.com/pressreleases/26/05/52779990/binance-expands-pre-ipo-perpetuals-with-openai-listing-following-strong-early-market-response)

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