CRDO Token Launches on Bybit Futures with Up to 20x Leverage

Credo Technology Group Holding Ltd (Derivatives) (CRDO) has just been listed on Bybit futures, offering traders up to 20x leverage on the CRDOUSDT perpetual contract. This tokenized stock derivative tracks the price of Credo Technology Group (CRDO) shares, providing a synthetic exposure to the traditional equity market within a crypto-native environment.

Recent price history shows significant volatility. Over the past week, CRDO experienced a 7.41% spike on June 22, followed by a 5.93% drop on June 23. Earlier, on June 17, the token surged over 7% in a single day, and on June 12, it saw a sharp 8.48% decline within six hours. These swings highlight the high-risk, high-reward nature of this asset.

What Happened

Bybit announced the listing of the CRDOUSDT perpetual contract on June 23, 2026, with leverage up to 20x. This move expands Bybit's offerings in the tokenized stock sector, allowing traders to speculate on the price of Credo Technology Group without holding the underlying equity. The token is currently trading around $282.68, up 2.88% over the last 24 hours, with 27 active markets.

The listing comes amid a period of heightened volatility for CRDO. Price alerts from Binance futures show a pattern of sharp spikes and drops, including a 7.19% spike in six hours on June 22 and a 6.92% drop on June 15. This suggests strong momentum and potential for further rapid moves.

Token Snapshot

• Symbol: CRDO
• Name: Credo Technology Group Holding Ltd (Derivatives)
• Category: Tokenized Stock / Synthetic
• Current Supply: 0 (infinite supply model)
• Tags: DeFi, Tokenized Stock, Synthetics, Binance Ecosystem, Binance Listing, Tokenized Assets, TradFi Assets (Derivatives)
• Date Added: June 8, 2026

Risk Notes

Tokenized stock derivatives carry unique risks, including potential divergence from the underlying equity price due to market dynamics, liquidity constraints, and leverage amplification. The infinite supply model means no fixed cap, which can affect price stability. Always use proper risk management, especially with 20x leverage.

Where to Trade

CRDO is currently tradable on Bybit futures. For automated trading strategies and real-time alerts, consider using our bot: Trade with our bot.