Bybit has expanded its Perp Options product with six additional underlying assets, broadening access to 24/7 options-style exposure to global equities and ETFs through its USDT-based trading infrastructure.

Bybit is expanding its TradFi derivatives offering as demand grows for digital access to global market instruments. The exchange has added Tesla, Invesco QQQ, SOXL, Micron Technology, SK Hynix and Sandisk to its Perp Options lineup, taking the number of available underlying tickers to eight since the product launched on September 17, 2026.

Bybit’s latest move pushes its crypto-native trading infrastructure further into traditional market exposure, combining perpetual-contract mechanics with options strategies on well-known equities and exchange-traded funds.

The company’s Perp Options product launched on September 17 with SpaceX and NVIDIA as its first underlying assets. The new additions include Tesla, Invesco QQQ (Nasdaq-100 ETF), Direxion Semiconductor Bull 3X ETF (SOXL), Micron Technology, SK Hynix and Sandisk, giving traders access to a broader selection of technology, semiconductor and index-linked assets.

Unlike conventional listed options, Bybit says its Perp Options are built on its TradFi Perpetuals infrastructure and operate continuously. Contracts can be traded 24 hours a day, seven days a week, with cash settlement in USDT and European-style settlement that does not involve early assignment.

The model is designed to remove some of the infrastructure requirements associated with conventional options trading. Users can fund positions from their Bybit accounts rather than opening a separate brokerage relationship or obtaining options approval through a traditional broker.

That structure places the product within a broader trend toward embedded financial markets infrastructure, where platforms increasingly combine access to multiple asset classes, trading tools and settlement mechanisms under a single account.

Bybit also supports fractional lot sizes, naked options and combination strategies, while portfolio and cross-margin functionality is available through its Unified Trading Account. These features give traders a way to construct directional or multi-leg positions without moving funds between separate trading environments.

The expansion also coincides with the launch of Bybit’s Wall Street Blue-Chip Options Challenge, running through October 27, 2026. The promotion has two reward tracks.

The first is a new-user incentive with a 5,000 USDT prize pool. The first 1,000 qualifying users who complete their first valid TradFi Perp Options trade can receive 5 USDT each. A separate volume-based program offers up to 65,000 USDT, with rewards distributed among the top 50 traders according to individual trading volume once collective volume thresholds are reached.

For the broader financial technology market, the more significant development is the convergence between crypto-native account infrastructure and traditional asset exposure. Platforms that originated around digital assets are increasingly experimenting with equities, ETFs, derivatives and tokenized financial products, creating alternative access points to markets historically dominated by banks and brokerages.

The underlying assets selected by Bybit also reflect that convergence. Tesla and NVIDIA are among the most recognizable U.S. technology stocks, while QQQ provides exposure to the Nasdaq-100. SOXL, Micron, SK Hynix and Sandisk add a concentrated semiconductor theme to the initial product universe.

For digital payments and financial infrastructure providers, the development illustrates how the definition of a financial platform is broadening. A single account can increasingly combine funding, trading, margin, settlement and risk-management capabilities across asset classes.

The model also has implications for blockchain financial technology and digital asset infrastructure. Although the underlying exposure is tied to traditional securities and ETFs, USDT serves as the funding and settlement currency within Bybit’s product environment. This creates a bridge between stablecoin-based account infrastructure and derivatives linked to conventional markets.

Risk considerations remain important. Perpetual and options-style derivatives can introduce substantial leverage and complexity, while products based on leveraged ETFs such as SOXL carry additional exposure to market volatility. The ability to trade continuously also means positions can be affected by price movements outside conventional U.S. equity-market hours.

Bybit’s expansion therefore represents less a replacement for conventional brokerage infrastructure than another iteration of the increasingly hybrid financial platform. As fintech companies, crypto exchanges and established financial institutions compete to provide broader market access, the distinction between digital-asset platforms and traditional trading infrastructure continues to narrow.

Market Landscape

The expansion comes as financial technology providers increasingly combine traditional market instruments with digital account, settlement and margin infrastructure. Crypto exchanges are moving beyond spot digital assets into derivatives and TradFi products, while established financial institutions are exploring tokenization, stablecoins and digital settlement.

Bybit’s approach is notable because it packages global equity and ETF exposure into an existing USDT-funded account rather than requiring a separate traditional brokerage workflow. The use of continuous trading, fractional sizes and unified margin further reflects the shift toward always-on financial platforms.

The semiconductor-heavy lineup also gives the product a thematic dimension, spanning major technology companies, chip manufacturers and leveraged sector exposure.

Top Insights

• Bybit has expanded Perp Options from two initial underlyings to eight, adding major technology stocks, semiconductor assets and the Nasdaq-100 ETF.
• The product combines options strategies with perpetual-contract infrastructure, enabling 24/7 trading and USDT cash settlement.
• Unified account infrastructure removes the need for a separate options brokerage relationship within Bybit’s stated product model.
• The Wall Street Blue-Chip Options Challenge offers separate rewards for qualifying new users and high-volume participants through October 27.
• The launch highlights growing convergence between digital-asset platforms, traditional financial markets and stablecoin-based settlement infrastructure.

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