Bybit to Launch SpaceX and Nvidia Perpetual Options on September 17
Crypto exchange Bybit will introduce perpetual options linked to SpaceX and Nvidia, expanding access to equity-based derivatives through cryptocurrency markets. Trading is scheduled to begin on September 17 at 8 p.m. UTC and will remain available throughout the week.
According to Bybit, the new products are the first options contracts directly linked to stock perpetuals. The SpaceX contracts will trade under the symbol SPCX, while Nvidia contracts will use NVDA. Unlike conventional equity markets, the products will not be restricted by standard stock-market trading hours.
The contracts will also support fractional lots, enabling traders to take smaller positions according to their available capital. Bybit will settle all contracts in USDT through its Unified Trading Account, which integrates spot, derivatives and other positions within a single system.
Bybit Expands Options Trading Around Stock Perpetuals
The Unified Trading Account is designed to streamline collateral and risk management across different positions. Bybit will also apply portfolio margin, allowing risk to be evaluated across multiple positions rather than treating each trade separately.
The structure will enable traders to implement a range of options strategies, including purchased and written options, spreads, straddles and covered calls.
Bybit said it intends to add expiration dates on a regular basis while expanding the range of underlying products. Planned additions include Tesla, QQQ, SOXL and semiconductor company Micron.
The contracts will differ from conventional equity options because they will not require each contract to represent 100 underlying shares. Instead, traders will gain exposure to derivatives that track stock perpetuals rather than holding ownership of the underlying equities.
Tokenized Equity Markets Expand Into Derivatives
The launch comes as cryptocurrency platforms increasingly offer products connected to U.S. companies and major stock indexes. Coinbase, Kraken, Robinhood and other platforms have introduced equity perpetuals or tokenized shares that provide access around the clock.
Tokenized equities are also increasingly being incorporated into more sophisticated trading systems, including collateral and leveraged positions. In July, Ondo Finance introduced tokenized equities as collateral for perpetual trading involving stocks, commodities and other assets.
Bybit’s planned products add options to the existing market for equity perpetuals. This gives traders additional tools for positioning around price movements and volatility, managing portfolio exposure or pursuing potential income-generating strategies.
Trading activity in tokenized equity perpetuals has grown substantially across centralized and decentralized platforms. Monthly volume increased from $85 billion in January to approximately $470 billion in June. SpaceX was the most actively traded equity perpetual in June, recording more than $66 billion in volume.
Onchain Equity Perpetuals Gain Market Share
Blockchain-based markets have also seen significant growth in equity-related trading through Hyperliquid’s HIP-3 framework. Equity-focused HIP-3 products accounted for roughly 2% of Hyperliquid’s perpetual volume at the beginning of the year.
That proportion subsequently rose to approximately 50%, with Nvidia, Tesla and Nasdaq-100 contracts accounting for a significant share of the activity.
The increase indicates growing use of blockchain-based trading venues for equity exposure outside traditional market schedules. Such platforms allow participants to access equity-linked derivatives without being limited to conventional stock exchange hours.
Bybit’s launch adds another layer to this market by combining options strategies with fractional positions and USDT settlement. The products further connect tokenized equities, stock perpetuals and cryptocurrency-based trading infrastructure, while providing access to equity derivatives without the traditional restrictions associated with trading hours and contract sizes.
Writer: Barland VexCrypto Market Analyst & Onchain WriterBarland Vex covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.