Bybit Expands TradFi Perpetuals with Asian Stock Contracts
Bybit, a cryptocurrency exchange, has expanded its TradFi Perpetual product range by adding three USDT-settled perpetual contracts. These derivatives track the share prices of BYD (BYDUSDT), Lenovo (LENOVOUSDT), and Hua Hong Semiconductor (HUAHONGUSDT).
The new listings allow users to gain exposure to these companies' price movements without owning shares or tokenized securities. Each contract has a maximum leverage of 25x, with trades available 24/7, including when the underlying stock exchanges are closed.
Bybit emphasizes that these contracts are synthetic derivatives settling gains and losses in USDT, not shares or tokenized shares. Holding one provides no company ownership, dividends, voting rights, or shareholder benefits. The exchange also notes that the contracts aren't sponsored, endorsed, or affiliated with the companies they track.