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TL;DR
- Bybit has added USDT-margined perpetual futures tied to PATH, CYPH and HUT shares.
- The contracts offer up to 25x leverage through Bybit’s TradFi perpetual desk.
- These are synthetic derivatives tracking equity prices, not spot shares or direct stock ownership.
Bybit is continuing to turn its crypto derivatives platform into a 24/7 market for traditional assets.
The exchange has added new USDT-margined perpetual contracts tied to UiPath, Cypherpunk Technologies and Hut 8, using the equity tickers PATH, CYPH and HUT.
Equity Prices, Crypto-Style Trading
The contracts sit inside Bybit’s TradFi perpetuals product and can offer leverage of up to 25x.
For users, that means the trading mechanics look much closer to crypto perpetuals than to a conventional brokerage account.
Positions are margined and settled through the exchange’s derivatives infrastructure, while the contracts track the referenced equity prices through index and oracle feeds.
That makes the products accessible around the clock, but it also creates a very different risk profile from simply owning the underlying shares.
There are no voting rights or physical stock delivery attached to the perpetual positions.
Crypto Venues Are Becoming Multi-Asset Derivatives Platforms
Hut 8 gives the launch an obvious crypto connection, while UiPath and Cypherpunk Technologies broaden the range further.
The more interesting shift is structural.
Bybit, Binance and other large exchanges are increasingly using perpetual futures as a universal wrapper for prices that originate outside crypto.
That can pull traditional-market speculation into an environment where leverage and continuous trading are already normal.
For users, the convenience is clear. So is the need to keep the instrument straight: these are synthetic equity derivatives, not tokenized shares and not spot stock trades.
This article was written by the News Desk and edited by Samuel Rae.
