OKX to list Pre-IPO pre-market perpetual futures for MOONSHOT/USDT
This product(s) and article are not applicable to you if you are residing in one of the jurisdictions in the European Economic Area (EEA).
We are pleased to announce that USDT-margined pre-market perpetual futures for MOONSHOT (Moonshot AI) will be listed as follows. The update will cover the web and app interfaces as well as the API:
Listing Time
MOONSHOT/USDT pre-market trading opens at 09:00 (UTC) on August 17, 2026
Product description
Pre-IPO pre-market perpetual futures are USDT-settled perpetual futures whose underlying companies have not yet completed an IPO, allowing you to trade their valuation changes. You do not hold any equity; you only trade the perpetual futures' price movements. Perpetual futures are priced as per-share price × total share count ≈ market cap. Once a company discloses the actual share count, a Rebase (proportional adjustment) will be executed to keep your position value unchanged. Once the IPO is completed, the perpetual futures will automatically be converted to a standard stock perpetual contract. For trading rules, please refer to Pre-IPO perpetual futures.
Contract specifications
Features | Details |
Underlying | MOONSHOT/USDT index |
Settlement crypto | USDT |
Face value | 1 MOONSHOT |
Price quotation | Quoted in USDT per 1 MOONSHOT; before the rebase: 1 MOONSHOT ≈ 1/1,000,000,000 of the company's market cap; after the rebase: 1 MOONSHOT corresponds to 1 actual share of the company |
Leverage | 0.01–5x |
Funding rate | Fixed daily rate of 0% |
Funding fee settlement interval | Every 8 hours |
Trading hours | 24/7 |
Contract type | Perpetual futures |
Estimated share count | 1,000,000,000 |
Risk warning
The actual total share count, valuation, and IPO timing are uncertain. Please assess the associated risks carefully and bear the relevant risks at your own discretion.
The perpetual futures price is determined by market buyers and sellers and may not accurately reflect MOONSHOT's actual stock price after IPO.
OKX does not guarantee that MOONSHOT will ultimately complete an IPO. If the IPO is cancelled, OKX reserves the right to delist or settle the perpetual futures at a price determined at OKX's sole discretion, which may differ materially from your entry price.
The rebase may introduce minor rounding differences; your position value is substantially preserved across the rebase.
Pre-IPO perpetual futures may experience significantly higher short-term volatility than perpetual futures on listed equities. Please assess your risk tolerance carefully.
Post-IPO product conversion — material term changes: Upon completion of MOONSHOT's IPO, OKX will convert the contract to a standard stock perpetual contract. The Pre-IPO contract price may differ materially from MOONSHOT's actual IPO listing price. A separate announcement will be published before conversion. If you do not wish to hold a standard stock perpetual contract, you should close your position before the conversion effective time.
Risk warning: Digital asset holdings involve a high degree of risk and can fluctuate greatly. You should only invest in products you are familiar with and where you understand the associated risks. OKX is not responsible for any losses you may incur from trading digital assets. Investors may lose the entire value of their investment.OKX may suspend such trading in pre-market conditions at any time and at its sole discretion. Please refer to Terms of Service and Risk & Compliance Disclosure for more details.
OKX team
Aug 17, 2026