KuCoin Lets Traders Bet on Private Company Value Before IPO

KuCoin has launched a new perpetual contract on its platform, allowing traders to bet on the future value of Beijing Moonshot AI Technology. The MOONSHOTUSDT contract is tied to the Chinese artificial-intelligence firm behind the Kimi assistant and offers up to 20x leverage.

The contract trades continuously, 24/7, and settles in USDT. One contract represents exposure equivalent to 0.1 MOONSHOT under KuCoin's index methodology.

Traders are not buying shares of Moonshot AI when they trade the MOONSHOTUSDT contract - they're betting on where the market thinks the company is headed. The absence of a real public share price means the contract's value reflects market sentiment and speculation rather than an actual equity valuation.