trade.xyz Raises CBRS Pre-IPO Perpetual Max Position to $10M

KuCoinFlash

Release Time: 05/04/2026 01:32:01

Summary

trade.xyz has increased the maximum position size for its CBRS perpetual futures to $10 million, currently at $4.26 million as of May 4, 2026, with a 24-hour trading volume of $2.52 million. The perpetual futures will convert to standard futures if CBRS lists by May 30, or settle via TWAP. Cerebras, an AI chip company, is scheduled to list on Nasdaq in mid-May under the ticker CBRS. Traders monitoring altcoins to watch may see heightened activity in this pre-IPO contract.

BlockBeats news, on May 4, according to information on the trade.xyz official page, the open interest limit for its first Pre-IPO perpetual contract, Cerebras Systems, has been increased to $10 million. As of press time, the actual open interest for this contract stands at $4.26 million, with a 24-hour trading volume of $2.52 million.

According to the trade.xyz documentation, if CBRS lists before May 30, this trading pair will convert to a standard perpetual; otherwise, it will be settled via TWAP.

Cerebras Systems is an AI chip and supercomputing company planning to go public on Nasdaq in mid-May under the ticker symbol "CBRS." Cerebras Systems' core AI chip technology is the Wafer-Scale Engine, or WSE, which uses an entire 300mm silicon wafer as a single processor rather than cutting it into multiple smaller chips.

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