Bybit adds Unitree Robotics and Moonshot AI to growing pre-IPO perpetuals lineup

Bybit is turning its crypto exchange into something that looks increasingly like a shadow stock market. The platform has added pre-IPO perpetual contracts for Unitree Robotics and Moonshot AI, two private companies riding the AI and robotics hype cycles, to a TradFi perpetuals lineup that now exceeds 200 products. The new contracts, UNITREEUSDT and MOONSHOTUSDT, are USDT-settled derivatives that give traders synthetic exposure to the estimated valuations of these firms before they list publicly. Neither Unitree Robotics nor Moonshot AI has endorsed or is affiliated with the contracts. What Bybit is actually offering Perpetual contracts are a crypto-native invention: futures with no expiration date. Traders can hold positions indefinitely, paying or receiving a funding rate to keep the contract price tethered to the underlying asset’s value. Bybit launched its TradFi perpetual contracts category in April 2026, and the roster has expanded rapidly since then. The lineup now spans equities, ETFs, commodities, indices, and private companies. Adding pre-IPO names is the most aggressive move in that expansion because it means Bybit is facilitating price discovery for assets that don’t yet...