Gate Opens Pre-IPO Trading for OpenAI Tokens in Phase Two
The cryptocurrency exchange Gate has begun accepting subscriptions for OpenAI tokens ahead of any future public listing.

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Gate, a major global cryptocurrency trading platform, has rolled out the second phase of its Pre-IPOs offering, this time centred on OpenAI tokens. According to BeInCrypto, subscriptions opened on July 15, giving users the chance to purchase exposure to one of the world's most prominent artificial intelligence companies before it potentially becomes a publicly listed entity.
The offering distinguishes itself by accepting payments in two stablecoins: USDT and GUSD. This dual-currency approach expands access for users who may hold either asset, removing a potential barrier to participation in the pre-public-market segment.
Understanding Gate's Pre-IPOs Model
Gate's Pre-IPOs product line allows retail and institutional traders to gain early exposure to companies that have not yet launched on traditional stock exchanges. The mechanism sits in a grey area between private equity allocation and public market trading—these are tokenised representations of companies rather than traditional equity stakes, though the exact legal and structural details vary by jurisdiction and offering.
Phase Two of the initiative marks the platform's expansion beyond its initial Pre-IPOs launch, signalling an effort to broaden the range of companies available through this channel.
OpenAI's Position in the AI Market
OpenAI, creator of the ChatGPT language model, has become synonymous with the recent explosion in generative artificial intelligence adoption. The company has not announced any formal intention to pursue a public listing, nor has it disclosed a timeline for doing so. However, the existence of tokenised pre-IPO products suggests market participants believe such a transition is plausible at some point.
The inclusion of OpenAI in this offering reflects wider appetite among crypto-native investors to gain exposure to companies at the forefront of emerging technologies. Whether such tokenised offerings provide meaningful economic exposure equivalent to future equity stakes depends on the underlying structure of each instrument.
What Subscribers Should Know
Investors considering participation in this offering should understand that pre-IPO token products carry distinct risks compared to established equities or cryptocurrencies. The legal status of these instruments varies globally, and liquidity may be limited. Additionally, the value of such tokens is inherently speculative, depending on variables including whether the underlying company ever lists publicly and at what valuation.
Gate has not disclosed pricing, allocation mechanics, or subscription limits for this phase. Interested parties would need to review the full terms on Gate's platform directly.
For the full details of Gate's announcement, visit the original report at BeInCrypto.
*Source: [BeInCrypto](https://beincrypto.com/gate-launches-pre-ipos-phase-2-featuring-opena/). Summary by Quantority.*
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This is an original summary of third-party reporting, with claims attributed to the source outlet. For the full story, read the original. Informational only, not financial advice.