Bybit has expanded its traditional finance derivatives offering with three new stock-linked perpetual contracts, giving eligible users access to price movements associated with Constellation Energy, Pfizer and Akamai Technologies through USDT-settled products.

The exchange announced the listings on November 3, introducing CEGUSDT, PFEUSDT and AKAMUSDT under its TradFi Perpetual product lineup. According to Bybit's individual listing notices, all three contracts support maximum leverage of up to 25x and are designed to trade around the clock.

The additions bring companies from three different industries into Bybit's derivatives environment: energy, pharmaceuticals and internet infrastructure. Rather than purchasing shares through a conventional brokerage account, traders can use the contracts to take positions based on movements in the referenced equity prices.

The distinction is important. These products are synthetic derivatives, not direct share purchases. Holding a position does not give traders ownership of Constellation Energy, Pfizer or Akamai stock, or the shareholder rights associated with those companies.

Three New TradFi Perpetual Contracts Explained

The latest listings cover three publicly traded companies with different business profiles.

1. CEGUSDT – Constellation Energy

The CEGUSDT contract references Constellation Energy, a major U.S. energy company. Its business exposure makes the stock relevant to market discussions involving electricity demand, power generation and the broader energy sector.

2. PFEUSDT – Pfizer

The PFEUSDT contract tracks the price movements of Pfizer, one of the world's best-known pharmaceutical companies. Pfizer's market performance can be influenced by drug sales, clinical developments, regulatory decisions, earnings and the wider healthcare industry.

3. AKAMUSDT – Akamai Technologies

The AKAMUSDT contract references Akamai Technologies, a company associated with content delivery, cloud infrastructure and cybersecurity services. Its business operates in areas connected to internet performance and digital security.

The three listings give traders exposure to different areas of the U.S. equity market through a single derivatives platform. However, the contracts remain separate instruments, each with its own underlying reference asset and market risks.

Bybit Listing Details: Leverage, Settlement and Trading Hours

Bybit's official announcements provide a common set of specifications for the three new contracts.

Contract	Underlying company	Settlement asset
CEGUSDT	Constellation Energy	USDT
PFEUSDT	Pfizer	USDT
AKAMUSDT	Akamai Technologies	USDT

The published contract specifications include:

• Maximum leverage: Up to 25x
• Settlement asset: USDT
• Tick size: 0.01
• Capped funding rate: ±2%
• Funding settlement interval: Every eight hours
• Trading hours: 24 hours a day, seven days a week
• Additional access: Futures Grid, Futures Martingale and Futures Combo bots

Bybit scheduled the three listings for November 3, 2026, at 11:30 UTC. The exchange also stated that it may change listing times, leverage limits, funding parameters and other contract specifications.

The availability of these products may vary by jurisdiction and account eligibility.

Why Stock-Linked Perpetual Contracts Matter

Traditional stock markets operate within exchange-specific trading sessions. Derivatives platforms, however, are increasingly offering products that allow users to trade exposure to traditional financial assets through crypto-style infrastructure.

Stock-linked perpetual contracts are part of this convergence between traditional finance and digital-asset trading.

For users, the model can provide several features:

• Exposure to selected equity price movements without directly buying the shares.
• USDT-based settlement instead of conventional stock-market settlement.
• The ability to take long or short positions, subject to the platform's product rules.
• Access to trading outside standard stock-market hours.
• Integration with supported derivatives trading tools and automated strategies.

These features may appeal to traders who already use cryptocurrency derivatives platforms and want to follow traditional financial markets through a familiar trading interface.

However, around-the-clock trading does not mean the underlying stock market is open 24/7. The contract's pricing and liquidity may be affected by the availability of reference-market data, market closures, volatility and the exchange's own risk controls.

Why the Difference Between Stock Ownership and Derivatives Matters

One of the most important details in Bybit's announcement is the legal and financial structure of its TradFi Perpetual products.

The contracts are synthetic derivatives designed to reference the price movements of underlying assets. They do not transfer ownership of the actual shares to traders.

That means a CEGUSDT position does not make its holder a Constellation Energy shareholder. The same applies to positions in PFEUSDT and AKAMUSDT.

Traders do not receive shareholder voting rights, dividends or other benefits attached to owning the underlying securities through these contracts.

There can also be differences between the contract's market price and the price of the referenced stock. As a result, users should not assume that the derivative will always move in perfect alignment with the underlying equity.

This distinction is especially relevant for investors who are accustomed to purchasing stocks through regulated brokerage accounts. A perpetual contract offers a different type of exposure and carries a different risk profile.

How 25x Leverage Can Affect Traders

Bybit has set the maximum leverage for the three new contracts at 25x.

Leverage allows traders to control a larger position relative to the margin they commit. However, it also increases the impact of price movements on their account balance.

For illustration, a trader using 25x leverage could control a position worth $2,500 with $100 in initial margin, before fees and other requirements.

A relatively small adverse movement in the underlying reference price can therefore produce a substantial loss compared with the margin committed. If the position falls below the platform's maintenance-margin requirements, it may be liquidated.

The maximum leverage is not a recommended trading level. Actual leverage availability can depend on position size, margin requirements, account restrictions and Bybit's risk controls.

The contracts also use funding payments at eight-hour intervals, with a published funding-rate cap of ±2%. Funding payments can affect the cost of maintaining an open position, depending on the applicable rate and position direction.

Futures Bots Extend the Trading Options

Bybit also stated that the three contracts would be available through supported Futures Bots.

The named tools include:

• Futures Grid: A strategy that places orders across a defined price range.
• Futures Martingale: A strategy that adjusts position size according to predefined rules after market movements.
• Futures Combo: A tool for combining supported futures trading strategies.

Automation can help users execute predefined trading rules, but it does not remove market risk. Strategies can perform poorly during sharp price movements, low-liquidity conditions or unexpected market events.

Users should understand each bot's settings, exposure and liquidation risks before enabling automated trading.

What the Listings Say About Bybit's TradFi Strategy

The addition of Constellation Energy, Pfizer and Akamai suggests that Bybit is continuing to broaden the range of traditional financial assets available through its derivatives platform.

The three companies represent distinct areas of the economy: electricity and energy infrastructure, pharmaceuticals, and internet technology. Their inclusion expands the range of equity-linked instruments available to users who prefer trading through USDT-settled derivatives.

It also reflects a wider development in digital finance. Cryptocurrency exchanges are increasingly building products that connect digital-asset trading infrastructure with traditional financial markets.

Still, the significance of the listings will depend on actual trading activity, liquidity, pricing quality and user demand. Adding a contract does not automatically establish that it will attract substantial volume or offer the same trading conditions as the underlying stock market.

For traders, the most important considerations remain contract specifications, funding costs, market access and the risks of leveraged derivatives.

What Traders Should Check Before Trading

Before opening a position in CEGUSDT, PFEUSDT or AKAMUSDT, users should review several details:

1. Contract reference: Confirm which company or equity the contract tracks.
2. Trading availability: Check whether the product is supported in the user's jurisdiction.
3. Leverage and margin: Understand initial margin, maintenance margin and liquidation rules.
4. Funding payments: Review the applicable funding rate and settlement schedule.
5. Market pricing: Understand that the contract price can differ from the underlying stock price.
6. Corporate actions: Check how events such as stock splits, mergers or suspensions may affect contract terms.

Bybit says it reserves the right to adjust contract parameters and availability. Traders should therefore consult the latest exchange documentation rather than rely solely on the initial listing announcement.

Frequently Asked Questions

Which stock-linked perpetual contracts did Bybit add on November 3, 2026?

Bybit announced three TradFi Perpetual contracts: CEGUSDT for Constellation Energy, PFEUSDT for Pfizer and AKAMUSDT for Akamai Technologies.

What is the maximum leverage for the new Bybit contracts?

The official listing notices specify maximum leverage of up to 25x for all three contracts. Actual limits may vary according to the platform's rules and account conditions.

Can users trade these contracts 24/7?

Bybit lists the trading hours for the three contracts as 24 hours a day, seven days a week. However, the availability and quality of underlying market reference data may differ outside regular stock-market sessions.

Do CEGUSDT, PFEUSDT and AKAMUSDT provide ownership of company shares?

No. They are synthetic derivatives referencing equity price movements. Trading them does not provide ownership, voting rights, dividends or other shareholder entitlements.

Are the contracts settled in USDT?

Yes. Bybit's published specifications identify USDT as the settlement asset for all three contracts.

Can traders use automated bots with these contracts?

Bybit says the contracts are supported by Futures Grid, Futures Martingale and Futures Combo bots.

Are these products available in every country?

Not necessarily. Bybit states that product availability may vary by region and that users are responsible for complying with applicable local laws and regulations.

The Bigger Picture

Bybit's latest TradFi listings bring exposure to three established U.S. companies into its USDT-settled perpetual derivatives lineup. The move adds energy, pharmaceutical and internet-infrastructure names to the range of equity-linked products available through the exchange.

The development is another example of the growing overlap between cryptocurrency trading platforms and traditional financial markets. But the distinction between owning a stock and trading a synthetic contract remains fundamental.

For users considering the new instruments, understanding leverage, funding payments, market-price differences and liquidation rules is more important than the headline maximum leverage.

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Sources

1. Bybit – CEGUSDT official listing details
2. Bybit – PFEUSDT official listing details
3. Bybit – AKAMUSDT official listing details

Editorial Disclaimer: This article is for informational and educational purposes only. It does not constitute investment, trading, legal or financial advice. Leveraged derivatives carry a high risk of loss, including the possibility of losing the entire margin committed to a position. Product availability and contract terms may vary by jurisdiction and can change.