Bybit has expanded its derivatives lineup with new USDT-margined perpetual contracts tied to publicly traded equity assets. The exchange listed AAOIUSDT, QNTXUSDT and IRENUSDT on June 9, with each contract offering up to 10x leverage for eligible traders.
The listings extend Bybit’s push into TradFi-linked markets inside its crypto-native trading environment. Rather than giving users direct ownership of shares, these instruments provide perpetual-contract exposure to equity price movements through stablecoin collateral. The product is a derivative, not a tokenized stock or shareholder claim.
Stock Perpetuals Extend Bybit’s TradFi Push
The three new markets cover companies connected to technology, medical research infrastructure and data-center activity. AAOI tracks Applied Optoelectronics, a provider of optical components and networking products; QNTX tracks Quanterix, known for ultra-sensitive biomarker detection technology; and IREN tracks IREN, a data-center operator with roots in Bitcoin mining and expanding AI infrastructure. The selection keeps Bybit focused on volatile growth sectors that already attract active trading interest.
Each market is structured as a perpetual contract, meaning it has no fixed expiry date and uses a funding mechanism to keep contract pricing aligned with the underlying reference market. That design gives crypto traders a familiar derivatives format for accessing equity-linked volatility without moving through a traditional brokerage account.
The June 9 listings also fit a broader product direction that Bybit began earlier this year with U.S. stock perpetual contracts. The exchange’s announcement feed shows additional equity-linked activity on the same day, including ONDSUSDT, which means the latest expansion was not limited to only the three contracts highlighted here.
Listings Arrive Alongside Product Rotation
Bybit is also expanding IPO-linked access through IPO Express, a subscription platform announced on June 7. The service allows eligible users to subscribe to IPO opportunities using digital assets such as USDC, with allocations calculated after the subscription period. That initiative sits beside the stock-perp listings as part of Bybit’s broader effort to combine crypto settlement with traditional market exposure.
The new contracts arrive as centralized exchanges continue testing demand for TradFi products in crypto interfaces. For traders, the appeal is speed, leverage and stablecoin collateral; for exchanges, the opportunity is to keep users inside one trading venue across crypto and equity-linked markets. The risk is that these products add equity-market volatility to already leveraged crypto trading behavior.
Bybit also continued pruning older perpetual markets on June 9, with notices for SCUSDT, ORBSUSDT and GODSUSDT appearing in its delisting feed. That simultaneous listing and delisting pattern suggests active product rotation based on liquidity, demand and exchange risk management.
For now, the clean takeaway is that Bybit has added new equity-linked perpetual exposure through AAOIUSDT, QNTXUSDT and IRENUSDT, each with up to 10x leverage. The listings strengthen Bybit’s move toward a mixed crypto-and-TradFi derivatives venue, while actual traction will depend on liquidity, spreads, funding behavior and regional eligibility.
