Bullish

Bybit Launches Perpetual Contracts for Tencent, MiniMax, Zhipu AI, Pop Mart, and GigaDevice

2026-07-28 18:34:28

Bybit introduces five HK stock perpetuals with up to 25x leverage. Launch incentives include zero fees for limit orders and 50% discount for market orders.

Woofun AI reports that Bybit has introduced perpetual contracts tied to five Hong Kong-listed equities: Tencent, MiniMax, Zhipu AI, Pop Mart, and GigaDevice. The new instruments, designated as TENCENTUSDT, MINIMAXUSDT, ZHIPUUSDT, POPMARTUSDT, and GIGADEVICEUSDT, support leverage ratios of up to 25x. During the initial launch period, users receive fee reductions, with limit order expenses set at 0% and market order fees reduced by 50%.

WOOFUN AI

Impact Assessment · Quick Read

The expansion into Hong Kong equity derivatives marks a significant push by Bybit into traditional asset tokenization. Offering high leverage on major tech and consumer brands may attract speculative capital seeking exposure to Asian markets. However, the complexity of tracking underlying stock prices could introduce execution risks for traders unfamiliar with equity mechanics.
Generated by WOOFUN AI · For reference only, not investment advice

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