Bybit has launched OURAUSDT, a pre-IPO TradFi perpetual contract offering synthetic exposure to smart-ring maker Oura’s implied valuation. Trading began on September 22 at 13:30 UTC with leverage up to 25x. The USDT-settled contract allows traders to go long or short on Oura’s implied pre-listing value without receiving shares or ownership rights. This initiative provides early price discovery for the private company, traded continuously 24/7 on crypto rails.
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