Bybit Ignites Trading Revolution with 24/7 Options on Stock Perpetuals

Bybit, a leading cryptocurrency exchange, has announced the launch of 24/7 options on stock perpetual contracts. This innovative product will allow traders to buy and sell options on underlying assets such as SpaceX (SPCX) and Nvidia (NVDA), with trading beginning on September 17 at 8:00 PM UTC.

The new options product is based on Bybit's own perpetual contracts, which are synthetic instruments that track the stock price without requiring the exchange to hold or deliver actual shares. This means that option buyers will take positions on these synthetic instruments, rather than actual equity.

Bybit claims this launch marks the first of its kind in the industry, offering a new level of flexibility and accessibility for traders. The options are settled in USDT, and Bybit provides fractional lots to reduce the required initial capital for small investors.

The exchange has also announced plans to add more underlying assets, including Tesla, QQQ, SOXL, and Micron, with new expiry dates to be added periodically.