Bybit expands TradFi offerings with Unitree and Moonshot AI pre-IPO contracts

Cryptocurrency exchange Bybit has expanded its traditional finance (TradFi) offerings to over 200 products by introducing pre-IPO perpetual contracts for Unitree and Moonshot AI. These USDT-settled synthetic derivatives allow traders to gain price exposure to these private companies without actual share ownership. The contracts offer up to 10x leverage, though Bybit warns that market-driven prices may not align with eventual IPO share prices.

Unitree, a Chinese robotics manufacturer, is moving toward a public listing on the Shanghai STAR Market. The company is reportedly offering approximately 40.45 million shares at 150.80 yuan each, with retail demand reportedly exceeding subscriptions by more than 8,000 times. Moonshot AI, an artificial intelligence startup known for its Kimi language model, has not confirmed a specific IPO timetable.