Bybit has launched Perp Options, a new derivatives product it describes as the industry’s first options contract built on equity perpetuals. The crypto exchange said SpaceX and Nvidia will serve as the first underlying assets, according to a company announcement published on August 28.
The initial markets, SPCX for SpaceX and NVDA for Nvidia, are scheduled to begin live trading on September 17, 2026, at 20:00 UTC. Bybit said the contracts will be available for trading 24 hours a day.
How Bybit Perp Options Work
Bybit’s new options will settle in USDT and use a contract multiplier of 1, matching the structure of the exchange’s existing equity perpetual contracts.
The products will integrate with Bybit’s Unified Trading Account and Portfolio Margin systems. This will allow users to cross-hedge spot, perpetual and options positions through a single margin account.
Bybit said the contracts are designed to support strategies including spreads, straddles and covered calls. The product gives traders a way to apply established options strategies to equity exposure while settling positions in a stablecoin.
SpaceX and Nvidia Lead Bybit’s Equity Options Roadmap
Bybit plans to add TSLA, QQQ, SOXL and MU contracts at a later stage, along with additional expiry dates. The exchange did not provide a timeline for those additions.
The September 17 launch date and 20:00 UTC start time are the only specific scheduling details disclosed so far. Bybit also did not announce initial listing fees or leverage limits for the new contracts.
SpaceX is a notable first underlying because it is a privately held company whose shares are not listed on a public exchange. Bybit’s product could therefore provide traders with indirect exposure to the company through a crypto-native derivatives market.
Bybit Expands Its Equity Derivatives Offering
The launch builds on Bybit’s existing range of equity perpetuals, which give crypto-focused traders access to U.S. stocks and exchange-traded funds around the clock. It also follows the exchange’s recent efforts to expand its options business, including an overhaul of its options analytics earlier this month.
Rival exchange OKX has pursued a similar strategy. In March, it launched 20 equity perpetual swaps designed for 24/7 trading.
Bybit’s Perp Options launch reflects a broader trend among crypto exchanges, which are packaging traditional equities as stablecoin-settled derivatives that can trade beyond conventional stock-market hours. The company’s description of the product as an industry first is its own characterization and has not been independently verified.