Bybit Launches 24/7 Equity Options on Private SpaceX and Nvidia

Bybit will start 24/7 stock options trading tied to perpetual contracts on Sept. 17 at 20:00 UTC, the exchange said. The initial phase covers SpaceX (SPCX) and Nvidia (NVDA). Settlements run exclusively in USDT, and positions sit inside the Unified Trading Account.

Nvidia, one of the launch tickers, carries an Alpha Score of 76 (Strong) on AlphaScala and traded at $217.55, down 4.57% on the day.

The contract design breaks from US options conventions. Standard equity options represent fixed 100-share blocks and trade only during exchange hours; Bybit's model uses fractional lots and runs around the clock. The exchange said fractional sizing lowers the capital barrier for high-valuation assets and private companies. Users can run strategies such as spreads and straddles; covered calls are supported as well. Portfolio margins let traders offset collateral using other crypto assets held on their balance.

Contracts are built on synthetic perpetuals, derivatives that track an asset's price without delivering the shares, rather than on equity options cleared through a central clearinghouse. Market reports say the structure keeps liquidity and counterparty risk inside the platform's native environment. Price discovery happens there as well. AlphaScala's comparison of RIVNon and RIVN laid out why synthetic exposure is not the same as holding the underlying equity.

The synthetic equity derivatives sector accelerated through the first half of the year. Monthly volume of stock perpetuals climbed from about $85 billion in January to nearly $470 billion at the close of June 2026, industry data shows, a more than fivefold increase. More than $66 billion of June volume came from the SpaceX perpetual alone. SpaceX does not list on any exchange. Industry analysts said that makes synthetic derivatives one of the few avenues for direct exposure to its valuation.

Coinbase and real-world asset platform Ondo have rolled out their own equity derivative and tokenized collateral products in 2026. Industry reports describe the broader push as an effort by digital asset platforms to capture traditional brokerage flows with round-the-clock products.

Bybit plans to add contracts for Tesla (TSLA), the QQQ index fund, the leveraged ETF SOXL, and Micron (MU) after the Sept. 17 launch, along with additional expiration dates.