Bybit Unveils Industry-First Options Contracts Based on Stock Perpetuals

Cryptocurrency exchange Bybit has launched what it calls the industry's first options product based on equity perpetual contracts, dubbed Perp Options. The new offering will be available to traders starting September 17, 2026, at 8 p.m. UTC.

The initial release features two underlying assets: SpaceX and Nvidia (NVDA). Traders will have access to continuous trading throughout the entire week, unrestricted by conventional market operating hours. These contracts differ from traditional U.S. stock options by utilizing fractional lots with a one-to-one multiplier, eliminating the standard 100-share minimum requirement that often creates obstacles for retail investors.

Settlements occur in USDT, maintaining simplicity in the trading process. Profit and loss calculations proceed without requiring any token-based holdings. The new offering integrates seamlessly with Bybit's Unified Trading Account system, allowing traders to oversee spot positions, futures contracts, and options through a single unified interface.