{"id":13188,"date":"2026-09-24T05:00:43","date_gmt":"2026-09-24T05:00:43","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bybit-opens-oura-pre-ipo-perpetual-trading-with-up-to-25x-leverage\/"},"modified":"2026-09-24T05:00:43","modified_gmt":"2026-09-24T05:00:43","slug":"bybit-opens-oura-pre-ipo-perpetual-trading-with-up-to-25x-leverage","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bybit-opens-oura-pre-ipo-perpetual-trading-with-up-to-25x-leverage\/","title":{"rendered":"Bybit Opens Oura Pre-IPO Perpetual Trading With Up To 25x Leverage"},"content":{"rendered":"<h2>TL;DR<\/h2>\n<ul>\n<li>Bybit has launched OURAUSDT as a pre-IPO TradFi perpetual contract.<\/li>\n<li>Trading began September 22 at 13:30 UTC with leverage of up to 25x.<\/li>\n<li>The contract tracks implied pre-IPO valuation; traders do not receive Oura shares or IPO allocations.<\/li>\n<\/ul>\n<p>Oura&#8217;s move toward the public markets is now being traded before the stock itself is available.<\/p>\n<p>Bybit has launched OURAUSDT, a pre-IPO TradFi perpetual contract that gives users leveraged synthetic exposure to the smart-ring company&#8217;s implied valuation.<\/p>\n<h2>Oura Gets A 24\/7 Derivatives Market Before Listing<\/h2>\n<p>Trading opened on September 22 at 13:30 UTC with leverage of up to 25x.<\/p>\n<p>The product sits inside Bybit&#8217;s pre-IPO perpetual desk and is settled in USDT.<\/p>\n<p>That means traders can go long or short on Oura&#8217;s implied pre-listing value without owning shares in the company.<\/p>\n<p>It is a very different product from the retail IPO allocation route recently announced by Coinbase.<\/p>\n<p>Bybit is offering a derivative.<\/p>\n<p>Users do not receive an IPO allocation, shareholder voting rights or physical equity if they hold the perpetual contract.<\/p>\n<h2>Pre-IPO Price Discovery Moves Onto Crypto Rails<\/h2>\n<p>Private-company valuation has historically been difficult for ordinary traders to access before a public listing.<\/p>\n<p>Crypto derivatives exchanges are now testing whether synthetic perpetual contracts can fill some of that gap.<\/p>\n<p>The attraction is obvious: continuous trading, leverage and no need to wait for the underlying stock to list.<\/p>\n<p>The risks are equally obvious.<\/p>\n<p>Pre-IPO valuation can be thin, event-driven and difficult to anchor to a transparent cash market.<\/p>\n<p>For Oura, the new contract creates a visible speculative price before conventional public-market trading begins.<\/p>\n<p>That is useful price discovery, but it should not be confused with ownership of the company itself.<\/p>\n<p><em>This article was written by the News Desk and edited by Samuel Rae.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Bybit has launched OURAUSDT as a pre-IPO TradFi perpetual contract. Trading began September 22 at 13:30 UTC with leverage of up to 25x. The contract tracks implied pre-IPO valuation; traders do not receive Oura shares or IPO allocations. Oura&#8217;s move toward the public markets is now being traded before the stock itself is available.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":13189,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5697],"tags":[1735,5701,5494,5702,125,3155],"class_list":["post-13188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-bybit","tag-oura","tag-perpetuals","tag-pre-ipo","tag-technology","tag-tradfi"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/13188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=13188"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/13188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/13189"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=13188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=13188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=13188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}