MNX went live on Tuesday with futures contracts tied to OpenAI, Anthropic, DeepSeek and Moonshot on MegaETH. According to NS3.AI, the exchange lets investors speculate on the valuations of private artificial intelligence companies when they go public.

The contracts expire at the end of 2027 and do not carry recurring funding fees. Traders can use up to three times their available funds, although MNX does not currently serve U.S. customers. MNX raised $6.4 million from investors led by Village Global in June.