Crypto Exchange Bitget Lists Pre-IPO Futures for Jio Platforms
· Business · Bloomberg
Crypto exchange Bitget has listed a pre-IPO perpetual futures contract for Jio Platforms, allowing investors to trade on the company's valuation before its official public debut. This product is reportedly the first of its kind tied to an Indian company and enables 24-hour trading with up to 20 times leverage. The contract settles using Tether’s USDT stablecoin. The listing provides a speculative venue for investors to bet on the upcoming IPO ahead of its arrival on local Indian exchanges.
Why it matters
This allows global traders to speculate on an Indian company's IPO valuation outside of regulated Indian markets, introducing high-leverage risk to retail investors.
Read the original report — Bloomberg
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