Bybit will launch the BKNGUSDT TradFi Perpetual Contract on Oct. 30, 2026, at 9:35 a.m. UTC, with maximum leverage of 25x. The contract is a synthetic derivative (a contract tracking an asset without ownership) linked to Booking Holdings and settled in USDT. It will trade 24/7 and be supported by Futures Bots, including Futures Grid, Futures Martingale and Futures Combo. The contract will have a 0.01 tick size, a capped funding rate of plus or minus 2%, and funding-fee settlements every eight hours. Bybit said it may change the launch time or contract terms without prior notice. Traders will not own Booking Holdings shares or receive dividends, voting rights or other shareholder entitlements, and the contract price may diverge from the underlying asset. Bybit warned of total margin loss and additional leverage-related losses, while corporate actions could lead to contract adjustments, settlement, suspension or termination. Availability may vary by jurisdiction and user, subject to local laws, regulatory requirements and Bybit policies.