Bybit has launched buying and selling in greater than 1,000 US shares and exchange-traded funds, and is creating a tokenised fairness product referred to as mStocks in collaboration with Mantle, because the Dubai-headquartered change accelerates its growth past crypto markets. Chief govt Ben Zhou outlined the plans on the firm’s biannual “Keynote with Ben” session on 14 October.
The inventory buying and selling product, which went dwell on 12 October, permits eligible customers to purchase and promote US equities utilizing USDC, with fractional share assist and 24-hour, five-day entry that covers pre-market, common and after-hours classes. The product sits inside Bybit’s current Unified Trading Account, which already helps crypto derivatives and overseas change.
mStocks and the tokenised fairness layer
The extra structurally novel transfer is mStocks, which Bybit is concentrating on for a November launch. The product is described as a tokenised inventory backed one-to-one by actual underlying securities, with deliberate assist for round the clock conversion between eligible shares and mStocks. Converted tokens would even be usable as collateral inside the Unified Trading Account and tradeable by automated market maker liquidity swimming pools on the Mantle community.
Bybit additionally provides IPO Express, launched in June, which provides eligible customers entry to chose preliminary public providing alternatives on the providing value by tokenised representations. The firm mentioned the service launched with SpaceX as the primary accessible providing, extending its attain from secondary to chose main markets.
The firm says its TradFi perpetuals enterprise has recorded greater than 180 billion {dollars} in cumulative buying and selling quantity because it entered CFD markets in 2022, and its catalogue now spans greater than 600 devices throughout equities, indices, commodities and FX. It has additionally launched Forex Perps and Perp Options, a derivatives construction it describes as industry-first, constructed on high of TradFi perpetuals moderately than spot costs.
Regulatory and aggressive context
The regulatory backdrop for this mannequin is advanced. Tokenised securities fall below securities legislation in most jurisdictions, and cross-border platforms face fragmented licensing necessities. Bybit mentioned it secured 5 new licences and regulatory approvals throughout 2026, throughout the European Union, the Cayman Islands, Indonesia, South Africa and El Salvador, although it didn’t title the precise licence classes or the product strains they cowl. That ambiguity issues: whether or not mStocks constitutes a safety, a spinoff or a stablecoin-adjacent instrument will decide the place it may be provided and below which disclosure regime.
Several opponents are pursuing adjoining methods. Robinhood has moved to increase its crypto and equities providing throughout European markets, whereas Coinbase has flagged curiosity in increasing into derivatives and equities merchandise for worldwide customers. Traditional prime brokers and retail platforms together with Interactive Brokers have in the meantime built-in crypto custody and buying and selling alongside typical equities, compressing the differentiation Bybit seeks. The change’s distinctive angle is the collateral interoperability between crypto and inventory positions inside a single account construction, a function that has actual attraction for lively merchants however that additionally raises margin and threat administration questions regulators will scrutinise carefully.
Bybit additionally mentioned it intercepted greater than 30,000 suspicious withdrawal requests in the primary half of 2026, representing greater than 700 million {dollars} in protected property, and launched Bybit AI in September as a conversational assistant throughout buying and selling, account administration and buyer assist.
Ben Zhou framed the path in broad phrases: “We have brought trading, investing, payments and AI together, and we are continuing to add more markets and more ways to use them.”
The firm says its Bybit Card and Bybit Pay providers now attain greater than 5,000 retailers throughout greater than 15 nations, with greater than 4 million playing cards issued. The funds infrastructure seems designed to increase platform stickiness past the buying and selling session, although the industrial mannequin for the cardboard programme and the unit economics of the service provider community weren’t disclosed.
The subsequent markers to observe are the jurisdictions in which mStocks launches, the regulatory classification Bybit receives for the product, and whether or not the IPO Express pre-market providing expands past its preliminary single-issuer format.
AI degree 1 of 5: written by Darlyn Ho; AI helped with tone, construction or wording; edited and signed off by Mark Walker, Editorial Director. What the levels mean
