TL;DR:
Crypto exchange Bybit announced this Friday that it will launch 24/7 stock options trading tied to perpetual contracts. The initial phase is set to begin on September 17 at 20:00 UTC, featuring tickers representing SpaceX (SPCX) and Nvidia (NVDA).
This new line of derivatives enables traders to access equity-based financial instruments free from the constraints of traditional Wall Street market hours. The platform confirmed that settlements will be executed exclusively in the stablecoin USDT, integrating positions directly within the Unified Trading Account (UTA).
Unlike conventional US options markets—where standard contracts represent fixed 100-share blocks—Bybit’s model incorporates fractional lots. According to the company’s official announcement, this feature aims to lower capital entry barriers for high-valuation assets and private companies.
The exchange’s technical documentation notes that users will be able to execute advanced strategies such as spreads, straddles, and covered calls. Backed by portfolio margins, traders will also have the ability to offset collateral using other crypto assets held in their balance.
The synthetic equity derivatives sector has seen significant acceleration throughout the year. Industry market data indicates that the monthly volume of stock perpetuals climbed from approximately $85 billion in January to nearly $470 billion at the close of June 2026.
During June, the perpetual contract linked to SpaceX drove more than $66 billion in transactions. Industry analysts highlight that SpaceX’s status as a privately held company makes synthetic derivatives one of the few avenues available to gain direct exposure to its market valuation.
Bybit’s product does not directly replicate equity options cleared through centralized clearinghouses. The architecture is built on contracts over synthetic perpetuals, which, according to market reports, keeps liquidity, counterparty risk, and price discovery entirely within the platform’s native environment.
Other crypto firms, including Coinbase and real-world asset platform Ondo, have rolled out mechanisms to trade equity derivatives or utilize tokenized collateral throughout 2026. The broader trend indicates that digital asset platforms are actively working to capture traditional brokerage flows through round-the-clock financial products.
Following the launch of Nvidia and SpaceX contracts on September 17, Bybit plans to introduce additional expiration dates and expand its offering to include contracts for Tesla (TSLA), the QQQ index fund, the leveraged ETF SOXL, and Micron (MU).
