Bybit launches 24/7 options on stock perpetuals, starting with SpaceX and Nvidia

Bybit is launching options on stock perpetuals, starting with SpaceX (SPCX) and Nvidia (NVDA). Bybit describes the products as the first options contracts tied to stock perpetuals. Users will be able to trade the contracts beginning Sept. 17 at 8 p.m. UTC. The contracts will use fractional lots. The contracts will settle in USDT. The contracts will integrate with Bybit's Unified Trading Account. The contracts will support portfolio margin. Supported strategies will include buying and selling options, spreads, straddles and covered calls. Bybit plans to add new expiries regularly. Bybit plans to expand the offering to Tesla (TSLA), QQQ, SOXL and Micron (MU). Bybit said the products will provide access to U.S. equity options without traditional market-hour restrictions. Bybit said the products will not require the standard 100-share contract minimum. In July, Ondo said users could use tokenized stocks as collateral to trade perpetuals on stocks, commodities and other assets. Coinbase, Kraken, Robinhood and other platforms are moving toward 24/7 equity trading. Tokenized-equity perpetual volume increased from $85 billion in January to about $470 billion in June. SpaceX was the most-traded equity perpetual in June. SpaceX equity perpetuals recorded more than $66 billion in June volume. Equity-focused HIP-3 markets accounted for roughly 2% of Hyperliquid's perpetual volume at the start of the year. Equity-focused HIP-3 markets accounted for around 50% of Hyperliquid's perpetual volume later in the year. Nvidia, Tesla and Nasdaq-100 contracts were among the products driving activity.