The exchange is listing multiple HYPEUSDT option maturities through Sept. 25 and says the product extends derivatives coverage to Hyperliquid's native token.
Bybit has launched HYPEUSDT options, adding the native token of the Hyperliquid blockchain to its derivatives lineup. The first batch was listed at 8:00 UTC on Aug. 4 with expiries on Aug. 5 and Aug. 7, followed by additional contracts scheduled for 8:00 UTC on Aug. 6 covering Aug. 8, Aug. 9, Aug. 14, Aug. 21, Aug. 28 and Sept. 25. From Aug. 7, new HYPEUSDT options are set to be generated on a regular ongoing basis. Bybit described HYPE as the native token of Hyperliquid, a layer-1 blockchain for on-chain perpetual futures and spot trading, where the token is used for staking, governance, gas fees and trading fee discounts. The company said HYPE's market capitalization was above $14 billion, ranking it ninth among cryptocurrencies by market cap as of Aug. 5, 2026. The exchange said the listing is part of a broader push to expand derivatives coverage of higher-growth digital assets and to give traders more tools to manage exposure and express market views.