Bybit Launches TradFi Perp Option, Offering 24/7 Traditional Financial Options Products

Odaily News: Bybit today officially launched TradFi Perp Option, using stock perpetual contracts as the underlying asset, combining options structures with the crypto market's round-the-clock liquidity to fill the gap in traditional financial options in terms of trading hours and accessibility.

The product initially supports TSLA and NVDA (starting September 17), and will expand to QQQ, SOXL, MU, SKHY, SPCX, SNDK, and other underlying assets.

The product is a European-style option with a fixed expiry date, but unlike traditional stock options, it enables 24/7 round-the-clock trading, covering U.S. stock pre-market, after-hours, and weekend sessions; it uses USDT cash settlement, requiring no physical stock holdings or brokerage account binding; the contract multiplier is 1, supporting fractional trading, completely breaking the 100-shares-per-contract threshold limitation of traditional options.

In terms of capital efficiency, TradFi Perp Option supports Portfolio Margin mode, where buy and sell legs are automatically hedged under spread combinations, and margin is calculated on a net risk basis, significantly improving capital utilization efficiency. Users can seamlessly run complete options strategies including naked buy/sell Call/Put, spreads, straddles, and more through the same Bybit UTA account.

The current non-VIP fee rate is 0.0300% Maker/Taker (promotional rate until the end of December), and the App version needs to be upgraded to 5.25.0 or above.