New exchange MNX lists pre-IPO futures for private AI firms

New crypto exchange MNX is launching pre-IPO futures for private AI companies, offering a way to trade the future valuations of firms including OpenAI, Anthropic and DeepSeek. The offering positions MNX in competition with incumbents OKX and Bitget, which have their own pre-IPO and AI-adjacent products.

• The contracts let traders take positions on the future valuations of unlisted AI companies.
• No details were disclosed on contract structure, margin requirements or launch timing for specific listings.