Bybit adds Unitree, Moonshot AI to pre-IPO perpetuals lineup
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Bybit, a Dubai-based crypto exchange, has launched USDT-settled pre-IPO perpetual contracts for Chinese robotics company Unitree and AI startup Moonshot AI. These contracts allow traders to gain price exposure without owning the underlying shares. This launch expands Bybit’s TradFi perpetuals lineup to over 200 products, which includes equities, ETFs, commodities, indices, and private companies.
Why it matters
The launch marks an expansion of Bybit’s private-market trading offerings, reflecting a broader crypto exchange trend into pre-IPO derivative products. It provides traders with new ways to access private-market assets before public listings, potentially increasing market participation in private-company exposure.
Key context
Unitree received approval in July from China’s securities regulator for an IPO on the Shanghai STAR Market, meaning the perpetual contract offers exposure prior to public trading of shares. Similar pre-IPO products have been offered by Binance, Coinbase, and Kraken for companies like SpaceX before their listing. Onchain equities and tokenized stocks are growing, with data showing $2.38 billion in distributed value and over 1.3 million holders, increasing significantly in the past month.
Key numbers and entities
Bybit, Unitree, Moonshot AI, Binance, Coinbase, Kraken, SpaceX, Shanghai STAR Market, RWA.xyz. TradFi perpetuals lineup expanded to more than 200 products. Tokenized stocks valued at $2.38 billion with 1.31 million holders, up 123.62% in 30 days.
What remains unclear
The source does not flag open questions or limitations regarding the contracts’ mechanics, regulatory status outside China, or how trading volumes for these new products may perform.