TREE NEWS update: Bybit has listed three new TradFi perpetual contracts tracking Hong Kong-listed equities: SenseTime, Meitu and Horizon Robotics. The contracts — SENSETIMEUSDT, MEITUUSDT and HORIZONUSDT — are settled in USDT, offer up to 25x leverage and trade 24/7, the exchange said.
Bybit Adds 3 Hong Kong Stock Perpetuals With 25x Leverage, 24/7 Trading
The interesting part is not the tickers but the wrapper: tokenised, USDT-settled perpetuals on Hong Kong equities let offshore traders express a view on Chinese AI and robotics names around the clock, including hours when the underlying cash market is shut. That gap between 24/7 leverage and a closed underlying is where the real risk sits, since funding and mark pricing carry the full burden. Whether other venues follow with similar synthetic equity exposure is the open question worth watching.
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