Bybit expands TradFi perps past 200 with Unitree

Bybit expanded its push into synthetic private market trading in August by listing perpetual contracts linked to Unitree Robotics and Moonshot AI. Summary Bybit now offers more than 200 TradFi perpetuals, including Unitree and Moonshot AI pre-IPO contracts. UNITREEUSDT and MOONSHOTUSDT are USDT-settled synthetic derivatives with leverage capped at 10 times for traders. Unitree priced its Shanghai IPO at 150.80 yuan after retail demand exceeded 8,000 times subscriptions. Moonshot AI has not confirmed an IPO timetable and disputed reports of an August filing. Bybit says these contracts provide price exposure only and do not confer company share ownership. The contracts are settled in USDT and give traders price exposure without ownership of either company. Bybit said in an Aug. 14 release that its TradFi perpetual lineup has grown beyond 200 products since launching in April, covering equities, ETFs, commodities, indices and private companies. The Unitree and Moonshot products offer leverage of up to 10x. Bybit’s documentation says its pre-IPO contracts are synthetic derivatives whose prices are driven by market supply and demand. The exchange warns those prices may not match the eve...