Bybit Expands Pre-IPO Trading With Unitree and Moonshot AI Contracts

Dubai-based crypto exchange Bybit has introduced pre-IPO perpetual contracts tied to Chinese robotics firm Unitree and artificial intelligence startup Moonshot AI, continuing its expansion into private-market trading products. The new contracts are denominated and settled in USDT, giving traders price exposure to these companies without actual ownership of their underlying shares.

According to Bybit, its broader TradFi perpetuals lineup has grown to more than 200 products since launching in April, now covering equities, ETFs, commodities, indices, and pre-IPO companies.

Unitree Nears Public Listing

Unitree received approval from China’s securities regulator in July to move forward with an initial public offering on Shanghai’s STAR Market. The new perpetual contract allows traders to gain exposure to the robotics company ahead of its official public debut.

Part of a Broader Industry Trend

Bybit’s move follows a wider pattern among major crypto exchanges expanding into private-market products. Platforms including Binance, Coinbase, and Kraken previously launched similar contracts tied to SpaceX ahead of the company’s June listing, offering traders synthetic exposure through crypto-based derivatives.

This expansion comes as tokenized equities continue gaining momentum more broadly. According to data from RWA.xyz, tokenized stocks have reached 2.38 billion dollars in distributed value, with 1.31 million holders, a figure that has grown by 123.62 percent over the past 30 days.