Bybit has listed a tradeable perpetual contract on CXMT, a Chinese memory chipmaker the exchange is positioning as a new challenger in the DRAM market, an industry that has been dominated by Samsung, SK Hynix and Micron for roughly two decades.
Bybit described CXMT as China's fastest-scaling DRAM maker, framing its rise as tied to the broader boom in memory chip demand driven by AI infrastructure buildout, sometimes referred to as the AI memory supercycle.
Expanding Beyond Crypto-Native Assets
The CXMT listing is part of Bybit's push into stock-linked perpetual products, an expansion that also includes a separate pre-IPO perpetual on humanoid robotics maker Unitree launched the same day. Both listings reflect the exchange's broader strategy of using perpetual futures structures to offer exposure to equities and pre-public companies alongside its traditional crypto trading products.
Why the DRAM Angle Matters
Memory chips have become a focal point of the AI buildout narrative, as data centers running large AI models require growing volumes of high-bandwidth memory. Positioning CXMT as a rising domestic Chinese alternative to the established Samsung-SK Hynix-Micron oligopoly gives traders a way to speculate on that supply chain shift without needing direct access to Chinese equity markets.
As with any perpetual contract tracking an individual stock, pricing will be influenced by underlying share performance as well as by exchange-specific supply and demand for the contract itself.
