Bybit Launches Equity Perpetual Options With SpaceX and Nvidia as First Markets | Trading derivatives

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TradingDerivativesAltcoins NewsBybit
Aug 28, 2026
2min read
byNicholas Otieno
forBlockchainReporter

Bybit launched Perp Options, options contracts built on equity perpetuals with SpaceX and Nvidia as the first underlyings set to begin 24/7 trading on September 17, 2026 at 20:00 UTC; contracts settle in USDT with a multiplier of 1. The product integrates with Bybit’s Unified Trading Account and Portfolio Margin to enable cross-hedging of spot, perpetual and options positions and supports strategies such as spreads, straddles and covered calls, while TSLA, QQQ, SOXL and MU are slated for later addition with no timeline or disclosed fees or leverage limits. The move extends Bybit’s CEX push into crypto-native equity derivatives and signals further adoption of stablecoin-settled equity options across the crypto industry.

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Bybit has launched Perp Options, a new derivatives product the crypto exchange describes as the industry’s first options contract built on top of equity perpetuals, with SpaceX and Nvidia serving as the opening underlyings, according to a company announcement published on August 28. The first two markets, SPCX (SpaceX) and NVDA (Nvidia), are scheduled to begin live trading on September 17, 2026 at 20:00 UTC, with the instruments available to trade around the clock.

How the New Contracts Work

The options settle in USDT and carry a contract multiplier of 1, matching the mechanics Bybit already applies to its equity perpetual contracts. Bybit said the instruments will integrate with its Unified Trading Account and Portfolio Margin systems, so users can cross-hedge spot, perpetual, and options positions from a single margin account. The exchange lists spreads, straddles, and covered calls among the strategies the product is designed to support, positioning it as a way to apply familiar options techniques to equity exposure settled in stablecoins.

First Markets and the Roadmap

Beyond the opening SpaceX and Nvidia contracts, Bybit said it plans to add TSLA, QQQ, SOXL, and MU at a later stage, together with additional expiry dates. The company did not specify a timeline for those additions, and the September 17 launch date with its 20:00 UTC start remains the only concrete scheduling detail disclosed so far. The choice of SpaceX, a privately held company, is notable because it gives traders indirect exposure to a business whose shares are not listed on a public exchange. The announcement did not indicate initial listing fees or leverage limits for the new contracts.

Extending Bybit’s Push Into Equities

The launch extends Bybit’s existing line of equity perpetuals, which the exchange has used to bring U.S. stocks and exchange-traded funds to crypto-native traders around the clock. It also follows a broader effort by the exchange to deepen its options offering, after it overhauled its options analytics earlier this month. Rival OKX has pushed in a similar direction, having launched 20 equity perpetual swaps for 24/7 trading in March. The rollout is part of a wider trend in which crypto exchanges package traditional equities as crypto-native derivatives that settle in stablecoins and trade without market-hours limits. Bybit’s framing of the product as an industry first is the company’s own characterization rather than an independently verified milestone.

Source: cryptorank.io