Bybit’s TradFi Perpetuals Lineup Tops 200 Products, Adding Pre-IPO Names Like Unitree
Bybit’s lineup of TradFi Perpetual Contracts has pushed past 200 listings, extending the exchange’s push to let crypto-native traders take 24/7 leveraged exposure to traditional markets that are normally only open a few hours a day. The expansion, announced this month, adds coverage spanning equities, ETFs, precious metals, oil, and indices, with the exchange describing it as one of the broadest sets of TradFi-linked derivatives available on a crypto platform. The contracts track premium listings across US, Hong Kong, and South Korean equity markets alongside technology, semiconductor, and artificial-intelligence names in both Asia and North America.
Two new pre-IPO additions stand out in the latest batch: Moonshot AI, the company behind the Kimi AI assistant, and Unitree Robotics, a Chinese humanoid-robot maker that has drawn significant investor attention over the past year. Their inclusion means traders can now take a leveraged position on privately held companies that have no public shares to buy, something that was effectively impossible on a retail platform until synthetic instruments like these arrived.
Mechanically, the contracts are unremarkable by crypto standards but unusual for the assets they track: they are USDT-denominated and USDT-settled, offer leverage up to 100x, and never close, letting positions move in response to news even while the New York Stock Exchange or Tokyo bourse is shut for the night. That around-the-clock structure is the core pitch — a trader reacting to an earnings surprise or a geopolitical headline no longer has to wait for a market open to act on it, for better or worse given the leverage involved.
The expansion builds on a product line Bybit first introduced in April, when TradFi Perpetuals launched with a much narrower set of US stocks and global ETFs. Growing to more than 200 products in a matter of months mirrors a broader pattern this year of crypto exchanges racing to absorb traditional-market demand through tokenized and synthetic instruments rather than waiting for regulated securities products to catch up.
Perpetual contracts on any underlying asset, and especially ones offering up to 100x leverage, carry substantial risk of rapid and total loss of capital; nothing here is financial advice. For a plainer introduction to how derivatives and leverage interact with Bitcoin specifically, see coin680’s Bitcoin Academy.