Bybit Opens Oura Pre-IPO Perpetual Trading With Up To 25x Leverage

TL;DR Bybit has launched OURAUSDT as a pre-IPO TradFi perpetual contract. Trading began September 22 at 13:30 UTC with leverage of up to 25x. The contract tracks implied pre-IPO valuation; traders do not receive Oura shares or IPO allocations. Oura’s move toward the public markets is now being traded before the stock itself is available. Bybit has launched OURAUSDT, a pre-IPO TradFi perpetual contract that gives users leveraged synthetic exposure to the smart-ring company’s implied valuation. Oura Gets A 24/7 Derivatives Market Before Listing Trading opened on September 22 at 13:30 UTC with leverage of up to 25x. The product sits inside Bybit’s pre-IPO perpetual desk and is settled in USDT. That means traders can go long or short on Oura’s implied pre-listing value without owning shares in the company. It is a very different product from the retail IPO allocation route recently announced by Coinbase. Bybit is offering a derivative. Users do not receive an IPO allocation, shareholder voting rights or physical equity if they hold the perpetual contract. Pre-IPO Price Discovery Moves Onto Crypto Rails Private-company valuation has historically been difficult for ordinary traders to ac...