just now
Bybit has launched Perp Options, a new derivatives product built on TradFi perpetuals that the company says are the industry's first options contracts of their kind. The product gives traders around-the-clock access to options tied to US equities without requiring a separate brokerage account.
The contracts became available from 17 September 2026, with SpaceX and Nvidia as the first underlying assets offered. Perp Options settle in USDT, which Bybit says allows for straightforward profit-and-loss tracking without additional token exposure or conversion steps.
The product is integrated with Bybit's Unified Trading Account (UTA), enabling traders to hold spot, futures and options positions within a single account.
Bybit outlined several groups of traders the product is aimed at. Crypto-native traders can gain exposure to TradFi options without leaving the Bybit ecosystem, while TradFi options traders benefit from market access outside standard exchange hours. Macro traders are able to express directional views on global assets through options, and existing Bybit perpetuals traders can layer strategies such as covered calls and protective puts onto their existing TradFi perpetual positions.
At launch, Perp Options supports a range of strategies beyond buying and selling calls and puts, including spreads, straddles, covered calls and other combination trades. The product supports fractional lot sizes with a contract multiplier of one, departing from the standard 100-share lot size used in traditional options markets. Portfolio Margin support is also available, allowing positions in Perp Options to be hedged against related holdings across asset classes.
Mike Xue, Head of Option Business, Bybit
Mike Xue, Head of Option Business, Bybit said:
"Bybit Perp Options is kicking off with space-age ambition and AI-infrastructure potential, but we are looking to expand beyond sectors in coming months to provide our traders with market access to Tesla, QQQ, SOXL, Micron, and more,"
Bybit's TradFi Perpetuals currently span more than 250 tickers. Perp Options is live on the latest version of the Bybit app.
Found this interesting? Become a member of LiquidityFinder and get daily industry news direct to your inbox — join here.
![Thumbnail for ICE and Trade[XYZ] to Build New Regulated Market and Clearing Structure on Hyperliquid](/_next/image?url=https%3A%2F%2Fmedia.liquidityfinder.com%2Fu%2Farticles%2F1793346568899-article-main.webp&w=256&q=75)
