MNX Pre-IPO AI Futures vs OKX, BitGet Fees

What changed

The MNX cryptocurrency exchange has launched pre-IPO futures contracts that allow traders to open positions tied to artificial intelligence companies that have not yet gone public. This move is reportedly a direct challenge by MNX to the OKX and BitGet exchanges, which already offer similar products that allow users to speculate on the valuation of private companies before they go public.

That’s all that’s confirmed in the source’s report. It lists the names of three exchanges and the product category—futures on the stocks of artificial intelligence giants prior to their initial public offerings (IPOs)—and this is presented as a step aimed at strengthening competitive positions. It does not provide detailed information on contract specifications, commission rates, margin rules, settlement mechanisms, or the jurisdictions where this product will actually be available. For a payments analyst, this is precisely what deserves attention: a headline about a new trading product is not the same as a disclosure document.

Products that allow users to open positions prior to an IPO are nothing new for cryptocurrency exchanges. Both OKX and BitGet have already offered synthetic instruments for speculating on the shares of private companies before they go public. What’s noteworthy here is that this new market entrant is using the same mechanism specifically to generate interest in the artificial intelligence sector at a time when the valuations of companies operating in this field are constantly making headlines. It appears that this structure is designed to attract traders who do not have direct access to private equity markets and instead prefer synthetic exposure.

Brief summary: MNX has launched a futures product designed for companies operating in the artificial intelligence sector and named OKX and BitGet among the exchanges it competes with—further details have not yet been disclosed.

Why This Is Important When Comparing Exchanges

Readers of this site typically compare fees, limits, deposit methods, and availability in different countries before deciding where to invest their money. Pre-IPO stock futures are a completely different matter: there are no regulated underlying securities changing hands, no prospectus, and often no publicly available order book depth that can be verified. When a new exchange launches one of these contracts, the fee schedule, margin requirements, and liquidation rules take on greater importance than usual, since in the event of suspicious situations, there is no independent market price to use as a reference.

To understand the situation: OKX’s base-level spot trading fees have been published and are easy to verify: the fee for “makers” is (being re-verified), and for “takers” — (being re-verified). Traders can verify these exact figures even before depositing as little as one dollar. At the time this report was prepared, no similar information about the new MNX product had been published.

Who is affected

Three groups should care about this launch, for different reasons.

Traders already using OKX or BitGet for private-company exposure. If you've been trading pre-IPO futures on either platform, a new competitor entering the same niche doesn't change your existing positions, but it does mean more venues are fighting for the same order flow. That competition sometimes shows up as promotional fee waivers — worth watching, but not something to assume without a published rate card.

People new to pre-IPO futures who are drawn in by AI-company branding. AI company names generate attention regardless of the product wrapped around them. Anyone tempted to open an account purely because a contract references a well-known AI firm should remember that a futures contract on a private company's valuation is a derivative bet on a number someone else is setting, not a stake in the company itself.

Readers comparing exchanges generally, not just for this product. If you're deciding between OKX, BitGet, or a newer name like MNX for anything — spot trading, deposits, country access — the newer exchange is, by definition, the one with the shortest public track record. OKX already has a visible fee structure, deposit rails including SEPA/SEPA Instant, Visa & Mastercard, PayPal, and a published list of supported countries such as El Salvador, Argentina, The Bahamas, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Guyana, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Suriname, Uruguay. That's the kind of groundwork a reviewer can check before an account is even opened. MNX, based on what's been reported so far, hasn't published the equivalent for this product.

This also sits alongside a broader trend of exchanges building synthetic access to private or pre-listing assets. Coinbase has been expanding in a related direction — see Coinbase Opens US IPO Access, Starting With Oura — and prediction-market-style firms are pushing into adjacent territory too, as covered in Kalshi Joins Coinbase in Filing for US Stock Perpetuals. The common thread: multiple platforms are racing to offer synthetic pre-listing or stock-like exposure through crypto rails, each with its own fine print.

One-line takeaway: existing pre-IPO futures users, AI-curious newcomers, and general exchange shoppers are all touched by this, but only the last group has solid comparison data to work with right now.

What to do next

Here's a practical checklist before touching any pre-IPO futures product, MNX's or otherwise.

1. Find the actual fee schedule before funding an account. If a platform hasn't published maker/taker rates, funding fees, or liquidation penalties for a specific product, that's a gap, not a minor omission. Compare it against exchanges that do publish numbers — OKX's base-tier maker fee of (being re-verified) and taker fee of (being re-verified) are a useful reference point for what a transparent fee page looks like.
2. Check country eligibility directly, not through a headline. OKX lists specific supported countries, including El Salvador, Argentina, The Bahamas, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Guyana, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Suriname, Uruguay, and that kind of explicit list is what to look for from any exchange before assuming you can even open an account.
3. Confirm the deposit method actually works for you. OKX supports SEPA/SEPA Instant, Visa & Mastercard, PayPal, which covers a fairly wide range of banking rails and card options. A newer exchange offering a niche derivative product may support far fewer deposit methods, or route through a single rail that adds friction or cost.
4. Read the settlement terms for the specific contract, not the product category. Pre-IPO futures can settle in different ways — cash-settled against an internal valuation feed, or tied to some other reference point. Since none of that mechanism has been detailed publicly for MNX's AI-company contracts yet, don't assume it mirrors what OKX or BitGet do.
5. Separate curiosity from exposure. Opening a small account to see how a new product works is different from sizing a real position into something with undisclosed margin rules. Keep the two apart.
6. Watch verification requirements closely. New exchanges chasing a specific trading niche sometimes move fast on product launches and slower on documenting KYC tiers or withdrawal limits. Confirm what verification level unlocks before depositing meaningful funds, and if an exchange's processes lag, treat that as a signal, not a formality — see also how exchange account issues can escalate, as in Brooklyn Man Sentenced Over Coinbase Social Engineering Scheme, a reminder that account security and verification gaps get exploited regardless of which product drew you in.
7. Have an exit plan if the exchange itself winds down a product. Exchanges do shut down trading lines or entire platforms; see how that played out for BitMEX Halts Trading, Leaves Withdrawals Open and the follow-up on BitMEX Shutdown: What Happens to Your Account. A niche AI pre-IPO futures line at a newer exchange is a smaller, less battle-tested product than BitMEX's core offering was, so plan for the possibility it gets pulled.

One-line takeaway: treat MNX's pre-IPO AI futures as unverified until the fee schedule, country list, and settlement terms are public, and use an exchange with disclosed numbers, like OKX, as your comparison baseline in the meantime.