Bybit adds round-the-clock perpetual options on US stocks
DeFi & Yields ·
Bybit has rolled out perpetual options that track US equities and trade continuously, removing the constraint of standard market hours for names like NVDA and SPCX.
The new product lets users take options positions on individual stocks at any hour, rather than only during the windows when the underlying shares trade on their home exchanges. Bybit's own announcement lists an expanded roster beyond the initial pair, adding perpetual options on TSLA, QQQ, SOXL, MU, SKHY, and SNDK, covering a mix of single names and an index-tracking fund.
The structure borrows from crypto derivatives conventions already familiar to Bybit users. A perpetual option carries no fixed expiry, unlike a standard options contract, which typically terminates at a set date and lets the holder exercise the right to buy or sell at an agreed strike price. Pairing that open-ended format with equity exposure means traders can hold or adjust a position on a stock like NVDA at times when traditional exchanges are closed, something not possible in conventional listed options markets bound to session hours.
The move places Bybit alongside a broader trend of extending trading availability past fixed sessions. CME Group has already introduced 24/7 trading for certain products, and crypto options venues such as Deribit, OKX, and Bybit itself have built their volume around continuous markets for Bitcoin and Ether. Applying that same always-on model to equity-linked instruments signals an effort to carry crypto-market trading habits into stock exposure.
Two sources have covered the launch, both pointing to the same underlying announcement and ticker list, with one adding the fuller set of six symbols beyond the initially cited NVDA and SPCX pairing. What remains unclear from the available material is how these perpetual options are margined, what funding or premium mechanics apply given the absence of a fixed expiry, and whether liquidity will be sufficient to support tight pricing outside standard market hours. Also unaddressed is how this offering fits within existing securities and derivatives rules in the jurisdictions where Bybit operates, an area regulators have been actively shaping for crypto-linked equity products more broadly.