Traders can access PATH, CYPH, and HUT equity exposure on Bybit by utilizing the exchange’s new USDT-margined perpetual futures contracts. These products, launched through Bybit’s TradFi perpetual desk, allow for up to 25x leverage on the price movements of UiPath (PATH), Cypherpunk Technologies (CYPH), and Hut 8 (HUT). Unlike traditional stock trading, these positions are managed through crypto-native derivatives infrastructure, meaning they are settled in stablecoins and do not require a conventional brokerage account.
The addition of these specific tickers highlights a strategic shift as crypto exchanges evolve into multi-asset platforms. Hut 8 provides a direct link to the Bitcoin mining sector, while UiPath and Cypherpunk Technologies broaden the scope into AI and privacy-focused tech investments. Because these contracts rely on index and oracle feeds rather than direct stock ownership, they facilitate continuous 24/7 trading, bypassing the restricted hours of traditional legacy markets like the NYSE or NASDAQ.
From a regulatory and risk perspective, it is essential for users to distinguish these synthetic derivatives from tokenized shares or spot equity. Holding a perpetual position in PATH or HUT does not grant the trader voting rights or physical delivery of shares. The high leverage cap of 25x introduces significant liquidation risk, especially in the volatile environment of a 24/7 market where traditional circuit breakers do not apply. This structure appeals to high-risk speculators looking to hedge or leverage equity positions within a unified crypto wallet.
Market observers should watch how this migration of traditional asset speculation into crypto venues affects liquidity in the underlying stocks. As Bybit and other major exchanges increasingly use perpetual futures as a universal wrapper for non-crypto assets, the boundary between traditional finance and decentralized markets continues to blur. Investors should monitor the funding rates for these new pairs, as they will likely dictate the cost of carrying long-term exposure to these tech and mining equities outside of standard banking hours.