KuCoin Opens 20x Moonshot AI Pre-IPO Perpetual Trading

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR KuCoin has listed a MOONSHOTUSDT pre-IPO stock index perpetual linked to Beijing Moonshot AI Technology. The contract trades 24/7 with up to 20x leverage and settles in USDT. Traders are buying a synthetic derivative, not Moonshot AI shares or an allocation in a future IPO. KuCoin is giving traders another way to speculate on a private technology company before it reaches the public market. The exchange has launched a MOONSHOTUSDT pre-IPO stock index perpetual contract linked to Beijing Moonshot AI Technology, the Chinese artificial-intelligence company behind the Kimi assistant. Trading opened on September 23 with leverage of up to 20x. Private-Market Speculation Gets A 24/7 Derivative The contract settles in USDT and trades continuously. KuCoin defines one contract as exposure equivalent to 0.1 MOONSHOT under the exchange’s index methodology. The product also includes an estimated share count of one billion shares, but KuCoin is explicit that the figure is informational and may differ from whatever capital structure exists if Moonshot ultimately completes an IPO. That caveat ...