SQQQUSDT Perpetual Launches on Bybit Futures with 20x Leverage

Bybit has listed a new perpetual contract for SQQQUSDT, offering traders up to 20x leverage on a tokenized version of the ProShares UltraPro Short QQQ ETF. This move expands the exchange’s synthetic asset offerings and provides a direct way to short the Nasdaq-100 through crypto derivatives.

What Is SQQQ?

SQQQ is a tokenized derivative that tracks the performance of the ProShares UltraPro Short QQQ ETF. The underlying ETF aims to deliver three times the inverse daily return of the Nasdaq-100 Index. In traditional markets, SQQQ is a popular tool for hedging or speculating on tech-sector declines. On Bybit, the SQQQUSDT perpetual contract brings this inverse exposure to crypto traders, with the added flexibility of leverage up to 20x.

Recent price action shows notable volatility. On June 24, SQQQ experienced sharp drops of over 5% in both 6-hour and 12-hour windows, followed by a 5.31% spike on June 25. These swings highlight the contract’s sensitivity to Nasdaq-100 movements and leverage effects.

Token Snapshot

• Symbol: SQQQ
• Name: ProShares UltraPro Short QQQ (Derivatives)
• Current Supply: 0 (infinite supply model)
• Last Known Price: ~$37.97 (down 3.46% in 24 hours)
• Category: Tokenized Asset / Synthetic
• Tags: DeFi, Tokenized Stock, Synthetics, Binance Ecosystem, TradFi Assets (Derivatives)
• Active Markets: 18
• 24h Volume: $0.00 (data as of listing)

Disclaimer: SQQQ is a synthetic token representing a leveraged inverse ETF. It is not a direct equity or ETF share. Price data may lag or differ from the underlying ETF.

Risk Notes

• Leverage Risk: Up to 20x leverage amplifies both gains and losses. A small adverse move can result in rapid liquidation.
• Tracking Error: The perpetual contract may deviate from the underlying ETF’s performance due to funding rates, market conditions, and synthetic design.
• Volatility: Recent 5%+ swings in short intervals underscore the high-risk nature of this instrument.
• Regulatory Uncertainty: Tokenized assets and synthetic derivatives face evolving regulatory scrutiny across jurisdictions.

Where to Trade

SQQQUSDT perpetual is currently available on Bybit Futures. For automated trading strategies, consider using our dedicated bot: Trade with our bot.