MNX Rolls Out Pre-IPO Futures on OpenAI, Anthropic, DeepSeek
Crypto exchange MNX is going after OKX and BitGet with futures that let traders bet on the future valuations of private AI companies.
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Key takeaways
- MNX is offering futures tied to the valuations of private AI firms
- Named companies include OpenAI, Anthropic and DeepSeek
- The move puts MNX in direct competition with OKX and BitGet
- Details on contract design, leverage and fees weren't in the source material
MNX just launched futures on the valuations of private AI companies, and it's gunning for OKX and BitGet. The contracts cover OpenAI, Anthropic and DeepSeek, according to CoinDesk.
The pitch is simple. None of these companies is listed. You can't buy their shares on a public market. Pre-IPO futures let traders take a position on where those valuations might head anyway, no IPO required.
What we know
Not much past the headline. MNX is pitching its offering as different from what rivals have, but the source doesn't say how the contracts are structured, what leverage is on offer, or how prices get set. We'll update if those details surface.
The competitive angle is clear, though. OKX and BitGet are the exchanges MNX is being measured against. That suggests pre-IPO markets are turning into a real fight among derivatives venues.
Why it matters
Private AI exposure is hard to come by. Crypto exchanges are filling the gap with synthetic products, and traders clearly want in. Here's the catch: these futures track companies with no public price. Pricing can get murky. Liquidity can run thin. Check how a contract settles and what it references before you put money down. If you hold or trade crypto, expect more exchanges to chase AI-linked products. Whether any of them can price these markets reliably? That's the open question.
Source: CoinDesk
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