Bybit to Launch Options on SpaceX, Nvidia Stock Perpetual Futures

Crypto exchange Bybit is launching a new options product tied to stock perpetual futures, marking the first options contracts based on stock perpetual futures.

The Block reported on Aug. 28 that Bybit will start trading options using SpaceX and Nvidia as underlying assets at 8 p.m. UTC on Sept. 17. The products will be available for trading 24 hours a day, 365 days a year, with fractional trading, USDT settlement and integration with Bybit’s Unified Trading Account.

The contracts will support multiple trading structures. Traders will be able to use portfolio margin and strategies including buying and selling options, spreads, straddles and covered calls. Bybit also plans to expand the underlying assets to Tesla (TSLA), QQQ, SOXL and Micron (MU), while adding expiration dates on a regular basis.

Bybit said the product was designed to improve access to US equity options. Traditional US equity options are limited to regular market hours and generally require a minimum contract size of 100 shares. The new product removes those constraints.