Bybit Lists SNXX Perpetual Contract: A Leveraged Play on SNDK

Bybit has officially listed the SNXXUSDT perpetual contract, offering traders up to 20x leverage on a unique synthetic asset. SNXX tracks the Tradr 2X Long SNDK Daily ETF, a leveraged tokenized stock derivative. This listing opens a new avenue for crypto-native traders to gain amplified exposure to the SNDK (Sandisk) equity theme without leaving the futures market.

Recent price alerts on Binance Futures reveal significant volatility: a 12.42% spike over 24 hours, followed by a -11.21% drop within the same period. Such swings underscore the high-risk, high-reward nature of leveraged products like SNXX.

What Happened: Bybit’s New Listing and Market Context

Bybit announced the SNXXUSDT perpetual contract on July 14, 2026, with a tier-3 alert. The contract allows up to 20x leverage, enabling traders to magnify both gains and losses. SNXX is not a traditional cryptocurrency; it is a synthetic token representing the Tradr 2X Long SNDK Daily ETF, which itself aims to deliver twice the daily return of SNDK (Sandisk) stock.

The token’s metadata shows a current supply of 0 (likely a placeholder), and it trades on 17 active markets. The last known price is approximately $22.84, down -5.60% over the last 24 hours. However, price alerts from Binance Futures paint a more volatile picture: a 12.42% spike to $22.48, followed by a -11.21% drop to $19.60, and later a -12.17% drop from $25.32 to $22.24. These rapid moves suggest strong momentum and potential for both breakout and reversal trades.

Brave search results confirm SNXX is also listed on traditional stock platforms like Nasdaq, Yahoo Finance, and CNBC, highlighting its dual nature as both a crypto and a traditional ETF derivative.

Token Snapshot: SNXX at a Glance

• Name: Tradr 2X Long SNDK Daily ETF (Derivatives)
• Symbol: SNXX
• Category: Token (DeFi, Synthetics, Tokenized Stock)
• Tags: DeFi, Tokenized Stock, Synthetics, Binance Ecosystem, Binance Listing, Tokenized Assets, TradFi Assets (Derivatives)
• Current Supply: 0 (placeholder)
• Last Known Price: ~$22.84 USD (as of listing)
• 24h Change: -5.60%
• Active Markets: 17
• Platform: None (native token)
• Date Added: June 23, 2026

Risk Notes

Disclaimer: SNXX is a leveraged synthetic asset. The 2x daily reset mechanism can lead to significant tracking error over multiple days. Combined with 20x futures leverage, losses can exceed your initial margin. This is not financial advice.

Traders should be aware of the following:

• Volatility: Recent price swings of ±12% within 24 hours indicate extreme short-term risk.
• Leverage: Up to 20x on Bybit means small price moves can result in liquidation.
• Liquidity: While 17 markets exist, the token’s supply is listed as 0, which may affect order book depth.
• Regulatory: Tokenized stocks may face regulatory scrutiny in certain jurisdictions.

Where to Trade

SNXXUSDT perpetual is exclusively available on Bybit at the time of writing. For automated trading strategies, consider using a dedicated bot.

Trade with our bot