Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced it will launch Perp Options on September 17, 2026 at 20:00 UTC, describing the offering as the industry’s first options contracts built on TradFi perpetuals.
The new product will allow traders to access US equity options around the clock directly from existing USDT-funded Bybit accounts. SpaceX and Nvidia will be the first available underlyings, with Tesla, QQQ, SOXL, Micron and additional assets planned for rolling expansion.
Mike Xue, Head of Bybit Option Business, said traders no longer think in terms of crypto versus traditional markets and want access to opportunities across markets and geographies. He added that Bybit’s Perp Options gives them one account to trade across the “artificial divide of asset classes” without waiting for markets to open.
Perp Options will be settled in USDT and fully integrated with Bybit’s Unified Trading Account (UTA), allowing users to hold perpetuals, options and spot positions in a single account. At launch, traders can execute strategies including buying and selling naked options, spreads, straddles and combination trades.
The contracts will be European-style and cash-settled to reduce early assignment risk. Bybit will support fractional lot sizes with a contract multiplier of one, bypassing the standard $25,000 minimum and 100-share lot requirements of traditional options markets. Portfolio Margin support will let positions in Perp Options be cross-offset against related perpetual and spot holdings, lowering margin requirements.
API trading, Demo Trade and Trial Funds will also be available at launch to support algorithmic traders and users new to options trading. Bybit says the move positions it as the first platform in the industry to offer options on stock perpetuals and extends its existing TradFi perpetual liquidity into a new derivatives category.
