Bybit adds Unitree, Moonshot AI to pre-IPO perpetuals lineup

Bybit, a Dubai-based cryptocurrency exchange, has added perpetual contracts for Chinese robotics firm Unitree and artificial intelligence startup Moonshot AI to its pre-IPO trading offerings. The move expands the platform's exposure to private-market securities through crypto-native derivatives.

The USDT-denominated contracts provide traders with price exposure to these companies without requiring actual ownership of shares. Unitree secured approval from China's securities regulator in July for a public listing on Shanghai's STAR Market, making the perpetual contract a tool for gaining exposure before the company's shares begin trading publicly. The Moonshot AI contract similarly allows traders to speculate on the startup's valuation.