Bybit Lists NBISUSDT Perpetual Contract: A New Tokenized Stock Derivative Hits Futures

Bybit has officially launched the NBISUSDT perpetual contract, offering traders up to 10x leverage on a tokenized derivative tied to Nebius Group NV (NASDAQ: NBIS). This listing expands the exchange’s growing suite of tokenized stock products, bridging traditional equity exposure with crypto-native trading mechanics.

NBIS is not a typical altcoin — it is a tokenized stock derivative that tracks the price of Nebius Group NV, an Amsterdam-headquartered AI infrastructure company listed on Nasdaq. The underlying business focuses on GPU cluster services and AI/HPC power provision, a sector that has drawn attention from analysts and institutional investors alike.

What Happened: Bybit Adds NBIS to Futures

On May 26, 2026, Bybit announced the listing of the NBISUSDT perpetual contract, enabling traders to speculate on the price of NBIS with leverage. This follows a Coinbase International futures listing on May 18, which marked the token’s first major exchange futures debut. The dual listing within a week signals growing demand for tokenized equity derivatives in crypto markets.

Recent price action shows notable volatility. On May 21, a 9.02% spike over six hours pushed NBIS from $206.01 to $224.60 on Gate Futures. Earlier, a May 13 surge saw prices jump 7.72% in one hour from $185.89 to $200.25. However, the asset is not without risk — a May 18 drop of 11.01% over six hours brought prices from $221.07 down to $196.74. As of the latest data, NBIS trades near $222.41, reflecting a 0.91% gain over 24 hours.

Note: Brave search results indicate NBIS is a Nasdaq-listed stock (Nebius Group NV) with a market cap around $12B. The tokenized version may trade at a premium or discount to the underlying equity.

Token Snapshot: NBIS (Nebius Group NV Derivatives)

• Symbol: NBIS
• Name: Nebius Group NV (Derivatives)
• Category: Tokenized Stock Derivative
• Tags: DeFi, Tokenized Stock, Binance Ecosystem, Binance Listing, Tokenized Assets, TradFi Assets (Derivatives)
• Current Supply: 0 (infinite supply possible)
• Last Known Price: $221.46 USD
• 24h Change: +0.91%
• Active Markets: 14
• 24h Volume: $0.00 (data may be incomplete)
• Date Added: May 19, 2026

NBIS is classified under the tokenized stock and TradFi assets (derivatives) tags, reflecting its hybrid nature — a crypto-native representation of a traditional equity. The project lacks a public website, whitepaper, or social media channels in its metadata, which is common for exchange-issued derivatives.

Risks to Consider

• Premium/Discount Risk: Tokenized stocks can deviate from the underlying Nasdaq price due to liquidity and market sentiment.
• Leverage Risk: Up to 10x leverage amplifies both gains and losses. Use position sizing and stop-losses.
• Low Volume: Reported 24h volume of $0.00 suggests thin liquidity — slippage may be significant.
• Regulatory Uncertainty: Tokenized equities face evolving regulatory scrutiny in multiple jurisdictions.

Where to Trade

NBISUSDT perpetual futures are now live on Bybit. For automated trading strategies and real-time alerts, consider using our bot.

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