Bybit Launches Perp Options on TradFi Perpetuals with SpaceX and Nvidia
Bybit has launched its new product called Perp Options, the first options contracts built on traditional finance (TradFi) perpetuals. These options provide traders round-the-clock access to US equity options without leaving their Bybit account. The launch includes underlying assets such as SpaceX and Nvidia, with settlements in USDT for simplified tracking. The product integrates into Bybit's Unified Trading Account, enabling users to manage Spot, Futures, and Options positions together. It supports a variety of trading strategies like spreads, straddles, covered calls, and fractional lot sizes without the 100-share requirement typical in traditional options markets. Portfolio Margin support allows hedging across asset classes. Mike Xue, Head of Bybit Option Business, highlighted plans to expand offerings beyond current sectors, including Tesla, QQQ, SOXL, Micron, and more as TradFi Perpetuals grow from over 250 tickers.
Topics: crypto exchange options perpetuals TradFi integration