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Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced the launch of Perp Options, described as the industry's first options contracts built on TradFi perpetuals.
The product will give traders round-the-clock access to US equity options directly from their existing USDT-funded Bybit accounts, allowing them to build and manage positions without being restricted to traditional market hours.
Trading in Perp Options is scheduled to go live on 17 September 2026 at 20:00 UTC, with SpaceX and Nvidia as the first available underlyings. Tesla, QQQ, SOXL and Micron are next in line, with the asset lineup set to expand on a rolling basis.
Mike Xue, Head of Bybit Option Business said:
"Traders today don't think in terms of crypto versus traditional markets anymore, they want access to opportunities across markets and geographies. Bybit's Perp Options gives them one account to trade across the artificial divide of asset classes: no waiting for the market to open, all strategies,"
Bybit Perp Options will be settled in USDT and will integrate fully with Bybit's Unified Trading Account (UTA), allowing users to hold perpetuals, options and spot positions within a single account. Traders will be able to execute a full range of strategies at launch, including buying and selling naked options, spreads, straddles and combination trades.
The product will also support fractional lot sizes with a contract multiplier of one, forgoing the standard $25,000 minimum and 100-share lot requirements found in traditional options markets.
Bybit's Perp Options contracts will be European-style and cash-settled, which the exchange states minimises early assignment risk. Portfolio Margin support will allow positions in Perp Options to be cross-offset against related perpetual and spot holdings, reducing overall margin requirements while traders manage risk across asset classes.
At launch, API trading, Demo Trade and Trial Funds will be available to support both algorithmic traders and users new to options trading.
Bybit is The New Financial Platform. Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments and wealth-building in a single ecosystem.
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