Bybit Boosts TradFi Perpetual Contracts with New Listings

Bybit Boosts TradFi Perpetual Contracts with New Listings

In August 2026, Bybit has significantly expanded its offerings in the synthetic private market trading sector, introducing perpetual contracts linked to Unitree Robotics and Moonshot AI. This addition marks a milestone as Bybit now provides over 200 TradFi perpetuals.

Details on New Listings

The new perpetual contracts include UNITREEUSDT and MOONSHOTUSDT. These contracts are USDT-settled synthetic derivatives and offer traders leverage of up to 10 times. Notably, Unitree’s shares are priced at 150.80 yuan in their upcoming IPO, with retail demand reported to have exceeded subscriptions by over 8,000 times.

IPO Insights and Contract Specifications

While Unitree is further along in its IPO process, Moonshot AI has not confirmed its IPO timetable, leading to uncertainty surrounding its market debut. Bybit emphasizes that its contracts provide only price exposure – they do not confer ownership of the underlying shares.

Bybit’s documentation explains that the prices of its pre-IPO contracts are driven by market supply and demand and warns traders that these prices may not align with the actual IPO share prices. The contracts can be settled in USDT, limiting the risk associated with ownership in the underlying companies.

Market Reactions and Broader Trends

The introduction of pre-IPO perpetuals on Bybit aligns with a broader movement across cryptocurrency exchanges toward linking products with private company valuations. Other exchanges like Coinbase have also started offering similar pre-IPO perpetuals. These financial instruments differ from tokenized shares, as they do not represent equity stakes in the companies involved.

Future Developments

Looking ahead, Bybit notes that the upcoming public debut of Unitree will serve as a crucial test for its new contracts. The contracts can transition to standard TradFi perpetuals following an IPO, subject to adjustments based on actual share structures. Conversely, Moonshot’s situation remains ambiguous, with no specific IPO date confirmed as of yet.