Bybit will open Perp Options on SpaceX and Nvidia equity perpetuals on September 17, 2026, at 20:00 UTC, describing the USDT-settled instruments as the industry’s first options built on stock perpetuals. The contracts use a multiplier of 1, trade around the clock and integrate with Unified Trading Account and Portfolio Margin so users can cross-hedge spot, perpetual and options positions from one account, supporting outright trades, spreads, straddles and covered calls. Fractional sizing and continuous hours aim to ease limits of traditional U.S. equity options, which typically use 100-share contracts and restricted sessions, while SpaceX’s privately held status offers synthetic exposure unavailable through conventional brokerages. Bybit plans later listings of TSLA, QQQ, SOXL and MU plus more expiries without a set timeline, and says its TradFi perpetuals line now covers more than 200 global equities and pre-IPO assets. The launch extends a crypto-equity derivatives push that saw tokenized-equity perpetual volume rise from about $85 billion in January to roughly $470 billion in June 2026, with SpaceX the most active June name at more than $66 billion, as OKX and others package always-on, stablecoin-settled equity exposure that carries distinct counterparty, liquidity and platform risks versus listed options.