Bybit has expanded its tokenized stock offering with three new perpetual contracts, giving traders exposure to Johnson & Johnson, Exxon Mobil and a SPAC-focused product through the ticker symbols JNJ, XOM and SPOT respectively. The new listings are now live on the exchange's TradFi perpetual contract platform.
Perpetual contracts allow traders to take leveraged long or short positions on the price of an underlying asset without an expiration date, settling gains and losses continuously rather than through a fixed-date futures contract. Applying that structure to traditional equities lets crypto-native traders speculate on stock price movements using the same mechanics they already use for crypto derivatives.
Broadening the Tokenized Stock Lineup
Johnson & Johnson and Exxon Mobil represent two of the largest, most heavily traded names in healthcare and energy respectively, giving Bybit's new listings exposure to sectors outside the technology-heavy names that have dominated many exchanges' initial tokenized stock offerings. The addition of a SPAC-linked product also gives traders a way to speculate on merger and acquisition-driven equity structures directly through the exchange.
The listings continue Bybit's broader push into tokenized traditional finance products, which has included stock, ETF and other equity-linked perpetual contracts as the exchange competes with rivals expanding into the same space.
