Bybit rolled out its first batch of 20 US stock perpetual contracts, a new derivatives product that sits alongside its existing up-to-5x stock CFDs. The launch puts Bybit directly up against Coinbase (Magnificent 7 perps at up to 10x since March 2026), OKX, and Bitget as major CEXes race to turn perpetual futures into the standard wrapper for leveraged equity exposure. It lands the same week Coinbase and Bybit were reported to be collaborating on tokenization, custody, and distribution of US stocks, with cross-venue crypto-equity perp volume already hitting roughly $2.87B.

TLDR by @Benthic

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