trade.xyz has raised the open interest limit for its Cerebras Systems Pre-IPO perpetual contract to $10 million. Currently, the open interest for this contract is $4.26 million, with a 24-hour trading volume of $2.52 million. If Cerebras Systems, an AI chip and supercomputing company, lists on Nasdaq before May 30, the contract will convert to a standard perpetual; otherwise, it will be settled via TWAP. Cerebras Systems plans to go public in mid-May under the ticker "CBRS."
trade.xyz Increases Cerebras Systems Pre-IPO Contract Limit to $10M
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