Bybit has confirmed that its new Equity Perpetual Options will go live on September 17, 2026 at 8 p.m. UTC, initially offering contracts tied to SpaceX (SPCX) and Nvidia (NVDA) stock perpetuals. The exchange describes the product as the industry’s first options contracts based on stock perpetuals, blending crypto derivatives mechanics with U.S. equity exposure.
Unlike conventional U.S. equity options, Bybit’s Perp Options will trade 24 hours a day, seven days a week and settle profits and losses in USDT. They also remove the traditional 100-share contract multiplier, using a multiplier of one for fractional-sized exposure. Bybit says the structure will support spreads, straddles, covered calls, long and short positions, portfolio margin, and management through its Unified Trading Account.
The exchange emphasized that these are options on stock perpetuals rather than conventional listed options. For SpaceX, the underlying exposure comes through Bybit’s xStocks framework, with tokenized economic exposure backed 1:1 by underlying shares held in custody; token holders are not registered SpaceX shareholders. For Nvidia, the product is linked to Bybit’s stock-perpetual market rather than the traditional U.S. listed-options system.
Bybit plans to expand beyond the initial SpaceX and Nvidia contracts to include Tesla (TSLA), the Nasdaq-100 tracking QQQ ETF, Direxion’s semiconductor leveraged ETF SOXL, and Micron Technology (MU). The move targets popular retail-friendly equities and could continue blurring the line between traditional finance and crypto-native trading. However, Bybit also notes potential challenges, including thinner overnight and weekend order books, wider spreads, and the difficulty of price discovery when the underlying U.S. cash equity market is closed.
