
The exchange's 200+ TradFi perpetual lineup now includes up to 10x leveraged bets on two private AI and robotics firms before their public listings.
Bybit has added pre-IPO perpetual contracts for Unitree Robotics and Moonshot AI, two private companies in the AI and robotics space. The contracts – UNITREEUSDT and MOONSHOTUSDT – are USDT-settled derivatives that give traders leveraged exposure to the firms' estimated valuations before a public listing. Neither company has endorsed the instruments.
The crypto exchange's TradFi perpetuals lineup now exceeds 200 products, covering equities, ETFs, commodities, and indices alongside these pre-IPO names. Bybit launched the category in April 2026 and has expanded rapidly. Adding private-company contracts is the most aggressive move so far: it lets the exchange facilitate price discovery for assets that have no public-market price.
Moonshot AI's contract went live around Aug. 7 with up to 10x leverage. Unitree Robotics was added in the same batch. The instruments are not tokenized equity – there is no blockchain-native asset. Bybit is creating a derivative that tracks a perceived private valuation, settled entirely in the USDT stablecoin.
Unitree Robotics has gained attention for its work on humanoid robots. Moonshot AI, developer of the Kimi assistant, has reportedly seen its valuation triple in recent months on rising revenue. Neither company has any relationship with the contracts, meaning the price feeds and discovery mechanism operate outside any public-market framework.
Pre-IPO valuations are inherently uncertain. Adding 10x leverage to an instrument tracking an opaque private valuation amplifies the risk of outsized losses. Funding rates on perpetual contracts can also erode positions when one side of the trade becomes dominant.
The 200-product milestone shows this is not a novelty feature. Bybit is building a synthetic version of multi-asset brokerage services, all denominated in crypto. The exchange previously added tokenized equities from Meta and Tesla, with the market for such products hitting $1.48 B. That expansion continues with direct bets on companies that are not yet public.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.