Bybit has expanded its traditional-finance derivatives lineup with three USDT-settled perpetual contracts linked to Berkshire Hathaway, PayPal and Mastercard. BRKBUSDT, PYPLUSDT and MAUSDT are now available for continuous trading, extending the exchange’s effort to place equity-linked products alongside its cryptocurrency futures within a single interface.
The exchange promoted the three listings together through its official account, while separate product notices dated July 30 set out the terms for each contract. The products provide exposure to changes in the companies’ share prices without giving traders ownership of the underlying stocks, making them derivatives rather than tokenized Berkshire Hathaway, PayPal or Mastercard shares.
New TradFi Perpetual Contract Listing: $BRKBUSDT, $PYPLUSDT and $MAUSDT are now live on Bybit! 🚀
Trade $BRKB: https://t.co/OAfDQorcap
Trade $PYPL: https://t.co/jEBR1zED54
Trade $MA: https://t.co/Hw6xsE5lpN pic.twitter.com/0jF83K08Wm— Bybit (@Bybit_Official) July 30, 2026
Contract Terms Vary Across the Three Listings
BRKBUSDT tracks Berkshire Hathaway’s Class B shares and supports leverage of up to 25x. The contract has a minimum price increment of $0.01, a capped funding rate of 2% and funding settlements every eight hours. A trader using the maximum leverage could control a position worth 25 times the margin committed, although Bybit retains the ability to adjust leverage and other risk parameters.
PYPLUSDT is tied to PayPal Holdings and carries a lower maximum leverage limit of 20x. Its funding rate is capped at 2.5%, with payments also scheduled every eight hours. The higher funding cap means the cost of maintaining a leveraged PayPal-linked position may vary materially when the contract trades away from its reference price. PayPal’s investor-relations site identifies the company’s common stock under the Nasdaq ticker PYPL.
MAUSDT references Mastercard shares and offers leverage of up to 25x, a 2% capped funding rate and eight-hour funding intervals. The MA symbol in this listing refers to Mastercard Incorporated rather than a cryptocurrency carrying a similar ticker combination. Mastercard’s official investor information confirms that its shares trade on the New York Stock Exchange under MA.
All three products are quoted and settled in USDT and are listed as available 24 hours a day, seven days a week. Continuous availability allows traders to open or close positions when the underlying U.S. stock market is not operating, but it does not mean that the reference shares themselves trade continuously.
Bybit’s TradFi perpetual contracts follow margin, funding and liquidation mechanics similar to those used for its standard crypto perpetuals. Traders can take long positions when they expect the referenced equity to rise or short positions when they expect it to fall. Profits and losses are calculated through the derivative contract and settled in USDT, with no transfer or delivery of the underlying company shares.
Around-the-Clock Trading Introduces Different Pricing Risks
Keeping equity-linked derivatives open outside traditional exchange hours requires a separate process for maintaining reference prices. During regular, pre-market, after-hours and overnight sessions, Bybit calculates its TradFi index prices using a weighted average of available components and updates them every second. The exchange also caps index-price deviations against an external anchor price, with the permitted range varying between products.
When traditional markets are fully closed, some equity-price sources may stop updating. Bybit says it may temporarily exclude stale components from its index calculation and apply a smoothing mechanism as the product moves between open and closed market periods. These controls are intended to reduce abrupt pricing distortions, but they cannot remove the liquidity and gap risks created by trading while the reference market is inactive.
Bybit specifically warns that spreads may widen when underlying markets are closed and that company announcements or other events can produce sharp price gaps once conventional trading resumes. High leverage can turn relatively small equity-price movements into rapid margin losses or liquidation, particularly when available liquidity is limited.
The listings follow the July 29 launch of Bybit’s redesigned TradFi Zone, which brings traditional-asset products together under one interface, one account structure and a USDT-based margin system. BRKBUSDT, PYPLUSDT and MAUSDT deepen the equity component of that consolidated product strategy, alongside the exchange’s existing commodity and stock-linked instruments.
The contracts do not confer voting rights, dividend entitlements, shareholder privileges or claims to physical delivery. Bybit also states that its TradFi perpetuals are not sponsored, endorsed or affiliated with the companies whose shares they reference. Traders receive only synthetic price exposure, not the legal or economic rights attached to direct stock ownership.
Access is also subject to regional restrictions and identity-verification requirements. Bybit’s ability to package traditional-market exposure inside a crypto-native account does not make the products available in every jurisdiction or place them under the same investor-protection framework as shares purchased through a regulated securities broker. The expansion increases the range of markets accessible through Bybit, while leaving users exposed to derivatives, leverage, platform and collateral risks.
The immediate development is therefore a product-line expansion rather than evidence of wider market adoption. Bybit has added three recognizable U.S. equity references to its perpetual-contract infrastructure, but their longer-term relevance will depend on liquidity, trading volume, pricing quality and sustained user participation.