Bybit, renowned crypto exchange, has introduced Perp Options. It is a new derivatives product that the exchange describes as the industry’s first options offering based on equity perpetual contracts. The product is designed to provide users with 24/7 options trading on tokenized or synthetic equity exposures. The trading will be settled in $USDT. The first markets are scheduled to begin trading on September 17, 2026. In the beginning, only two options will be available, SpaceX (SPCX) and NVIDIA (NVDA).

Bybit Enables 24/7 Equity Options Trading

In its official announcement, Bybit said its Perp Options contracts have a multiplier of one. It will allow users to trade fractional lots without the traditional 100-share minimum associated with standard U.S. equity options.

The new product is also integrated with Bybit’s Unified Trading Account (UTA) and Portfolio Margin system. This integration allows users to manage and cross-hedge positions across spot, perpetual futures, and options using a single account.

According to Bybit, traders will be able to use strategies such as spreads, straddles, and covered calls. Trading will be able to trade non-stop, without traditional stock market-hour restrictions or weekend closures.

Bybit Plans to Add More Equity Underlyings

In the beginning, limited number of options are available. However, Bybit plans to increase the number soon. Bybit plans to expand its Perp Options offering with additional underlying assets. The planned additions include Tesla (TSLA), Invesco QQQ Trust (QQQ), Direxion Daily Semiconductor Bull 3X Shares (SOXL), and Micron Technology (MU).

The exchange also expects to introduce additional expiration dates as the product lineup expands. Overall, the launch represents another step in Bybit’s broader expansion into traditional finance-related products. The exchange already offers USDT-settled perpetual contracts.

With Perp Options, Bybit is adding options functionality to its equity perpetual contracts. The exchange aims to give crypto traders continuous access to price movements in major U.S. equities. However, the derivatives carry significant risks, including the possibility of substantial or total losses. So, traders are advised to use risk management and don’t consider this article as investment advice.