Marketing communication. Execution-only services for stocks, ETF and ETC are provided by Bitpanda Financial Services GmbH (an investment firm authorised by the Austrian Financial Market Authority). Bitpanda does not take part in the Anthropic IPO. This is not an offer or solicitation to subscribe for or buy securities, and not investment advice. Not a public offer. Investing involves risk of loss, and past performance is not a reliable indicator of future results. Newly listed shares can be highly volatile. Anthropic shares are expected to be denominated in USD, so exchange rate changes can affect your returns. Consider your circumstances and consult an independent adviser prior to investing. Make sure you understand the risks associated with financial instruments.

Fractions generally do not carry voting rights and cannot be transferred or certificated; in corporate actions, entitlements (including dividends) are credited on a pro‑rata basis and may be rounded down to the nearest eligible increment. Execution of fractional orders may be aggregated with other client orders. Custody of fractions in stocks, ETF or ETC is provided on an omnibus basis in accordance with applicable client assets and safekeeping rules.

Other costs (e.g. spreads, inducements, FX, product costs and taxes) may apply and reduce your returns. See the Cost Information Document before trading. On small orders, the €1 fee may represent a significant percentage of the order value.