Crypto exchange MNX takes on OKX, BitGet offering pre-IPO futures for AI giants

A new cryptocurrency exchange will allow investors to speculate on the valuations of private artificial intelligence (AI) giants like OpenAI and Anthropic when they go public. MNX, which was developed by Manifold Markets, went live on Tuesday offering futures contracts tied to OpenAI, Anthropic, DeepSeek and Moonshot. The platform, built on MegaETH blockchain, raised $6.4 million from investors led by Village Global in June. Larger crypto exchanges, including OKX and Bitget, already offer contracts that let traders bet on the value of private AI companies without owning their shares.