APLDUSDT Perpetual Launches on Bybit with 20x Leverage

Bybit has launched the APLDUSDT perpetual contract, bringing a tokenized derivative of Applied Digital Corp (APLD) to the futures market. Traders can now access up to 20x leverage on this new listing, which tracks the price of the NASDAQ-listed stock through a synthetic token. This move expands Bybit's offerings in the tokenized assets space, catering to traders seeking exposure to traditional finance equities via crypto derivatives.

What Happened

On July 17, 2026, Bybit announced the listing of APLDUSDT perpetual contract, effective immediately. The contract supports up to 20x leverage, allowing traders to amplify their positions on the price movements of Applied Digital Corp. At the time of listing, APLD was trading at approximately $25.71, reflecting a recent decline of over 8% in the last 24 hours. The tokenized derivative is part of Bybit's growing suite of synthetic assets, bridging traditional equities with decentralized trading.

Applied Digital Corp is a company involved in blockchain infrastructure and data centers, with its stock trading on NASDAQ under the ticker APLD. The tokenized version enables crypto-native traders to speculate on its price without leaving the digital asset ecosystem.

Token Snapshot

• Symbol: APLD
• Name: Applied Digital Corp (Derivatives)
• Category: Tokenized Stock / Synthetic Asset
• Tags: DeFi, Tokenized Stock, Synthetics, Tokenized Assets, TradFi Assets (Derivatives)
• Current Supply: 0 (infinite supply model)
• Last Known Price: $26.06 (down 8.34% in 24 hours)
• Active Markets: 15
• Exchange Listing: Bybit Futures (APLDUSDT perpetual)
• Leverage: Up to 20x

Note: The token metadata shows an infinite supply, which is typical for synthetic derivatives that track an underlying asset without a fixed token cap.

Risk Considerations

Trading tokenized stock derivatives carries unique risks. The synthetic nature means price may deviate from the underlying stock due to liquidity or market conditions. Leverage of up to 20x amplifies both gains and losses, potentially leading to rapid liquidation. Additionally, the underlying company (Applied Digital Corp) has faced legal challenges, including securities class actions, as noted in recent news. Always conduct your own research and consider the volatility of both crypto and equity markets.

Where to Trade

You can trade APLDUSDT perpetual on Bybit. For automated strategies and signals, consider using our trading bot: Trade with our bot.