Bybit Launches Perp Options, Revolutionizing Stock Trading
Bybit, a leading cryptocurrency exchange, is set to introduce Perp Options, a new type of derivatives contract based on stock perpetuals.
The company announced that it will start trading Perp Options for SPCX and NVDA on September 17th at 8PM UTC, with other stocks such as TSLA, QQQ, SOXL, and MU to be added in the future.
Perp Options are unique in that they use stock perpetuals as their underlying asset, rather than the actual shares themselves. This means that traders can gain exposure to the price movements of these stocks without actually owning them.
The options will be settled in USDT and will be available for trading 24/7, with fractional lots and a unified trading account (UTA) integration that allows users to manage their positions across different asset classes.