Binance to Launch MOONSHOTUSDT Pre-IPO Perpetual Futures

Binance announced the launch of the MOONSHOTUSDT USD-margined Pre-IPO perpetual futures contract, based on Moonshot AI (北京月之暗面科技有限公司), on September 22. The contract supports up to 20x leverage and settles funding fees every four hours. It will transition to a standard perpetual contract if the underlying asset completes an IPO, or be delisted if the listing fails.