KuCoin launched on September 23 a perpetual contract indexed to Moonshot AI, the Beijing-based artificial intelligence company behind the Kimi assistant. The product, denominated in USDT and trading continuously 24/7, offers leverage of up to 20x. Investors acquire synthetic price exposure rather than actual shares: no voting rights, dividends or claims on company equity are attached to this contract. Due to the high leverage, even small price movements can trigger liquidation long before any potential public listing occurs.
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