Bybit has broadened its traditional finance perpetual contracts lineup with new synthetic equity products and integrated support for its copy trading feature. The moves give users continuous, leveraged exposure to stock prices and pre-listing valuations through the exchange’s derivatives infrastructure, all settled in USDT.

New Equity Perpetuals for PATH, CYPH and HUT

On September 21 at 7 a.m. ET, Bybit introduced 24/7 perpetual contracts tied to three U.S.-listed companies: UiPath Inc. (PATH),Cypherpunk Technologies Inc. (CYPH) and Hut 8 Corp. (HUT). The USDT-settled instruments offer maximum leverage of 25x and operate with margin, funding and liquidation mechanics comparable to the platform’s crypto perpetual contracts.

Funding-rate caps stand at plus or minus 2 percent, with settlements every eight hours. PATHUSDT and HUTUSDT use a $0.01 tick size, while CYPHUSDT uses a $0.001 tick size. The contracts are available through Bybit’s Futures Grid, Futures Martingale and Futures Combo products. They carry no expiration and provide synthetic exposure only. Holders receive no ownership rights in the underlying shares, no voting privileges, no dividends and no physical delivery. Contract prices may diverge from the actual equity markets.

Pre-IPO Perpetual for Oura

Trading in OURAUSDT, a pre-IPO TradFi perpetual contract linked to Oura Inc.’s estimated valuation, opened on September 22 at 13:30 UTC. The contract is settled in USDT and trades around the clock. One report listed maximum leverage at 10x, while another cited up to 25x. Funding is fixed at 0.005 percent every four hours during the pre-IPO period.

The product relies on an estimated share count of 320,945,459 and a tick size of 0.01. That share-count figure is informational and may change once the company’s actual count is known. Oura filed an S-1 registration statement with the U.S. Securities and Exchange Commission on September 3. The contract price is derived from an estimated share price multiplied by the estimated share count and may be adjusted when the true share count becomes available. It could also be delisted or liquidated if the IPO is canceled or restructured.

Users holding the perpetual do not receive Oura shares, voting rights, dividends, physical delivery or any IPO allocation. The contract price may differ from any eventual public-market price and may not convert into a standard post-IPO perpetual.

Copy Trading Extended to TradFi Perpetuals

Bybit has also enabled its Copy Trading Classic feature to support TradFi perpetual contracts. Master Traders can now open positions on traditional assets such as Tesla, Apple and NVIDIA, and followers can replicate those trades automatically. All positions settle in USDT and remain available 24 hours a day, seven days a week.

Eligible users activate the function simply by following a Master Trader. Both crypto and stock-linked positions can be managed inside a single Copy Trading Classic account. The addition allows portfolio diversification beyond crypto pairs without requiring separate brokerage accounts.

Bybit, the world’s second-largest cryptocurrency exchange by trading volume and serving more than 80 million users, continues to expand multi-asset access as part of its broader platform development. The new equity and pre-IPO contracts, together with copy-trading support, form part of that effort to bring continuous leveraged trading of traditional assets onto crypto rails.