Bybit has launched USDT-margined perpetual futures tied to UiPath, Cypherpunk Technologies and Hut 8, using the equity tickers PATH, CYPH and HUT. Offered through Bybit's TradFi perpetuals desk, the contracts provide leverage of up to 25x and use the exchange's derivatives infrastructure for margining and settlement. They track equity prices through index and oracle feeds rather than representing spot shares, so holders receive no voting rights and cannot take physical delivery of the underlying stock. The products extend Bybit's effort to create a 24/7 market for traditional-asset prices in a crypto-style derivatives environment. The launch also reflects a broader move by Bybit, Binance and other large exchanges to package non-crypto assets in perpetual futures, although the instruments carry a different risk profile from owning shares directly.