Bybit Lists CBRS Perpetual Futures: AI Chip Derivative Goes Live

Cerebras Systems (Derivatives) (CBRS) has just landed on Bybit futures, adding a third major exchange to its trading roster. The CBRSUSDT perpetual contract offers up to 10x leverage, giving traders another venue to speculate on the AI chipmaker's tokenized derivative. This listing follows a rapid multi-exchange rollout that began with Binance futures and Coinbase International futures earlier this week.

What Happened

Bybit announced the listing of CBRSUSDT perpetual contracts on May 19, 2026, at a reference price of $298.62. The contract supports up to 10x leverage, standard for new perpetual listings on the exchange. This move comes just one day after Coinbase International listed CBRS futures on May 18, and two days after Binance launched its own CBRS futures contract on May 17 at $284.

The rapid succession of listings across Binance (tier 1), Coinbase International (tier 2), and now Bybit (tier 3) signals strong exchange demand for exposure to Cerebras Systems, the AI chip company that went public on Nasdaq on May 14, 2026, under the ticker CBRS. The derivative token tracks the stock's price movements, allowing crypto traders to gain synthetic exposure without holding the equity.

Market Context

Cerebras Systems is a pure-play AI chipmaker that designs wafer-scale processors for large-scale AI workloads. Its IPO on May 14 was one of the most notable AI listings of 2026, with the stock surging from its IPO price. The CBRS derivative token has already seen significant volatility, with Reddit users noting a price swing from $185 to $325 before the Bybit listing.

Disclaimer: CBRS is a tokenized derivative of Cerebras Systems stock, not the equity itself. It trades on crypto exchanges and carries additional risks related to synthetic asset mechanics.

Token Snapshot

• Symbol: CBRS
• Name: Cerebras Systems (Derivatives)
• Current Supply: 0 (infinite supply not enabled)
• Last Known Price: $281.45 (up 2.46% in 24 hours)
• Active Markets: 15
• Tags: DeFi, Tokenized Stock, Tokenized Assets, TradFi Assets (Derivatives)
• Date Added: May 4, 2026

Risk Notes

Trading tokenized derivatives carries unique risks. CBRS is not the Nasdaq-listed equity but a synthetic representation. The derivative may trade at a premium or discount to the underlying stock due to market mechanics, liquidity, and exchange-specific factors. Additionally, the token has no on-chain platform and relies on centralized exchange infrastructure. Always verify the contract terms and understand the leverage risks before trading.

Where to Trade

CBRSUSDT perpetual futures are now live on Bybit with up to 10x leverage. For automated trading strategies, consider using our dedicated bot: Trade with our bot.