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Bybit has launched trading for the SHEINUSDT Pre-IPO TradFi Perpetual Contract, allowing users to speculate on Shein's estimated valuation before its IPO with leverage of up to 10×, and plans to convert the contract to a standard perpetual with up to 25× leverage after September 1, 2026.
Bybit has introduced the SHEINUSDT Pre-IPO TradFi Perpetual Contract, allowing users to speculate on Shein's estimated valuation before its initial public offering. Trading for this USDT-settled perpetual contract began on August 27, 2026, with up to 10× leverage available during the pre-IPO phase, and follows a structured pre-market auction format with continuous 24/7 trading. The contract includes a fixed funding rate, provisions for a rebase to align with actual share counts post-S-1 filing, and will convert into a standard perpetual contract with up to 25× leverage after September 1, 2026. Bybit notes that this product is a synthetic derivative, does not represent actual share ownership, and carries risks including potential margin loss and the possibility of discretionary settlement if Shein's IPO is canceled or restructured.
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Bybit is a cryptocurrency exchange focused on derivatives trading, featuring a proprietary platform with support for advanced financial instruments like futures and perpetual contracts. The platform integrates with TradingView for analytics, offers copy trading in both derivatives and spot markets, and provides 24/7 customer support as well as instant deposits and withdrawals. For a detailed overview of its features and regulatory status, see the broker profile on Traders Union.
In our previous Bybit update, we covered the announcement of new cardholder benefits featuring everyday spending options and access to Tomorrowland Brasil experiences. For additional details, see our previous Bybit update on Traders Union.