Bybit Adds Six Traditional-Market Assets to Perpetual Options
The listings expand Bybit’s TradFi Perp Options lineup to eight underlyings, while a trading challenge offers up to 70,000 USDT through Oct. 27.
Bybit added six traditional-market assets to its TradFi Perp Options lineup Sept. 28, expanding the exchange’s available underlyings to eight and launching a rewards campaign for eligible traders.
The new contracts went live at 4 p.m. ET (8 p.m. UTC) for Tesla, Invesco QQQ, the Direxion Semiconductor Bull 3X ETF, Micron, SK Hynix and SanDisk. Their trading symbols are TSLA, QQQ, SOXL, MU, SKHY and SNDK.
The six assets join SpaceX and Nvidia in Bybit’s TradFi Perp Options lineup. The products are options contracts written on perpetual contracts that track traditional financial assets, including equities and exchange-traded funds.
Bybit also launched the Wall Street Blue-Chip Options Challenge, which runs through Oct. 27 and offers combined reward pools of up to 70,000 USDT. Users must register for the event, while institutional users and market makers are excluded.
The first-trade reward pool totals 5,000 USDT. The first 1,000 qualifying new users can receive 5 USDT each after completing a trade with at least 50 USDT in eligible volume.
A separate volume challenge offers up to 65,000 USDT. The top 50 users by individual eligible trading volume will share the reward tier unlocked by collective participant volume.
The tiers range from 9,000 USDT for collective volume of zero to 500 million USDT to 65,000 USDT for volume between 2 billion and 5 billion USDT. The intermediate tiers provide 20,000 USDT for 500 million to 1 billion USDT and 32,000 USDT for 1 billion to 2 billion USDT.
The contracts are available 24/7, use fractional lots with a contract multiplier of one, settle in USDT and operate through Bybit’s Unified Trading Account. They are European-style and cash-settled in USDT at expiry, with no physical delivery of the underlying stocks or ETFs.
Bybit first launched TradFi Perp Options with SpaceX and Nvidia on Sept. 17 at 4 p.m. ET (8 p.m. UTC). Mike Xue, head of Bybit’s option business, said the products are designed to give traders access to traditional and crypto markets through one account.
The trading challenge remains open through Oct. 27.
