Bybit Adds HYPE-Margined Options to Derivatives Lineup
With a market valuation surpassing $14 billion, the Hyperliquid native token HYPE is now the underlying asset for a new suite of options contracts on Bybit. The exchange began rolling out the HYPEUSDT instruments this week, targeting investors looking to manage exposure to the high-growth layer-1 blockchain.
The listing schedule commenced on August 5, with initial contracts expiring on August 5 and 7. Bybit expanded the availability on August 6 to include a broader range of expiration dates spanning through September 25. Starting August 7, the platform will transition to an ongoing issuance schedule for new HYPEUSDT contracts to maintain continuous market coverage.
Hyperliquid serves as a layer-1 blockchain specifically designed for on-chain perpetual futures and spot trading. Its native token, HYPE, currently holds the ninth position in the global cryptocurrency rankings by market capitalization. Bybit’s decision to integrate these options reflects a strategic push to provide deeper derivatives coverage for high-potential digital assets, allowing traders to hedge positions or speculate on the token's performance across various market cycles.
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