Bybit added Unitree and Moonshot AI pre-IPO perpetuals. Its TradFi catalog exceeds 200 products. The derivatives let traders bet on private valuations without an IPO date.
Bybit added pre-IPO perpetual contracts for robotics company Unitree and AI startup Moonshot AI, the exchange said. The derivatives let traders go long or short on a private company's implied valuation without waiting for an IPO date.
Unitree is a Chinese firm known for its quadruped robots. Moonshot AI developed the Kimi large language model, a competitor in Asia's generative AI space. Both remain private, with no confirmed public listing timeline.
Bybit's broader traditional finance product catalog now exceeds 200 instruments, spanning equities, ETFs, commodities, indices, and private companies, the exchange said. The exchange has been stacking such products since at least its addition of Meta and Tesla tokenized equities. Pre-IPO perpetuals represent a niche within that push: traders bet on private-market valuations indirectly, without owning shares.
Crypto exchanges have been layering TradFi instruments onto their platforms to keep users from opening separate brokerage accounts, Bybit said. The move into pre-IPO derivatives follows similar additions by other venues, though the product type remains rare.
Regulatory treatment varies by jurisdiction. Bybit has not specified where the Unitree and Moonshot AI contracts are available, nor the margin requirements or fee structure. The exchange declined to comment on future additions.
The pace of the TradFi buildout suggests Bybit plans to continue expanding the shelf. Beyond the two new names, the exchange gave no specific roadmap.
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