Crypto Exchange MNX Launches Pre-IPO Futures for AI Giants

Crypto exchange MNX has launched pre-IPO futures contracts, allowing traders to speculate on the valuations of major private artificial intelligence companies including OpenAI, Anthropic, and DeepSeek.

The new offering positions MNX in direct competition with other crypto exchanges like OKX and Bitget, which offer similar products. MNX’s contracts are structured as futures that expire at the end of 2027 and do not carry recurring funding fees, differentiating them from perpetual futures.

The exchange, powered by the MegaETH ecosystem, offers traders up to 3x leverage on these contracts. However, the settlement prices for these futures may differ from the actual prices investors would pay for private shares in the companies.

MNX does not currently serve customers in the United States. The exchange has indicated plans to expand its offerings into other markets tied to the broader AI economy, capitalizing on what investor Max Killberg of Village Global called “one of the largest investment cycles in history.”