Bybit adds USDT-margined PATH, CYPH, HUT stock perpetuals with 25x leverage

2 min

Bybit expanded its derivatives lineup with USDT-margined perpetual futures that track equity prices for UiPath, Cypherpunk Technologies and Hut 8 through the PATH, CYPH and HUT tickers. The products trade 24/7 with up to 25x leverage via Bybit’s TradFi perpetuals desk. These are synthetic equity derivatives that follow index and oracle feeds, settle on the exchange’s derivatives infrastructure, and confer no ownership rights or stock delivery.

TL;DR

Bybit listed USDT-margined perpetual futures for PATH, CYPH and HUT.
Leverage: up to 25x through Bybit’s TradFi perpetuals desk.
Contracts are synthetic and track equity prices. No voting rights or physical share delivery.

Equity Prices, Crypto-Style Trading

The new contracts trade like crypto perpetuals. Margining and settlement occur on Bybit’s derivatives infrastructure, while prices track the referenced equities through index and oracle feeds. Trading is continuous, which changes the risk profile versus owning shares. The instruments do not provide voting rights or stock delivery.

Crypto Venues Are Becoming Multi-Asset Derivatives Platforms

Hut 8 adds a crypto-native equity, while UiPath and Cypherpunk Technologies extend coverage. Large exchanges such as Bybit and Binance are using perpetual futures as a universal wrapper for external price sources. This channels traditional-market speculation into a 24/7, leveraged environment. Users must distinguish instrument type: 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.