Bybit Lists TBTUSDT Perpetual Contract with Up to 25x Leverage

Bybit has announced the listing of the TBTUSDT perpetual contract, offering traders up to 25x leverage on a unique tokenized asset. TBT is a cryptocurrency that tracks the performance of ProShares UltraShort 20+ Year Treasury (Derivatives), a leveraged inverse ETF designed to profit from rising long-term Treasury yields. This listing opens new opportunities for traders seeking exposure to traditional finance derivatives within the crypto ecosystem.

What Happened

On July 29, 2026, Bybit launched the TBTUSDT perpetual contract on its futures platform. The contract supports leverage up to 25x, allowing traders to amplify their positions on this tokenized treasury derivative. The listing follows Bybit's ongoing expansion of tokenized asset offerings, bridging traditional finance and decentralized markets.

TBT is not a standard cryptocurrency—it represents a synthetic version of the ProShares UltraShort 20+ Year Treasury ETF (TBT), which aims to deliver twice the inverse daily performance of long-term U.S. Treasury bonds. This makes it a tool for hedging against bond market downturns or speculating on rising yields.

Token Snapshot

• Symbol: TBT
• Name: ProShares UltraShort 20+ Year Treasury (Derivatives)
• Current Price: $36.64 (down -0.88% over 24 hours)
• Supply: 0 (infinite supply model)
• Category: Token (DeFi, Synthetics, Tokenized ETFs)
• Active Markets: 15
• 24h Volume: $0.00 (data may be incomplete)
• Platform: Not specified (likely Ethereum-based per Brave results)

TBT is categorized under tokenized assets and tradFi derivatives, reflecting its hybrid nature. It has no official website, social media, or public repository, which is common for synthetic tokens tied to traditional ETFs.

Risk Notes

Disclaimer: TBT is a complex tokenized derivative with inherent risks. The asset has low liquidity on some exchanges, unverified supply, and limited transparency. Brave search results indicate potential confusion with other tokens named TBT (e.g., TideBit Token, Team Blaze Token). Always verify contract addresses and trade cautiously.

Key risks include:

• Leverage risk: 25x leverage can amplify losses as well as gains.
• Tracking error: The token may not perfectly mirror the underlying ETF's performance.
• Regulatory uncertainty: Tokenized securities face evolving regulations.
• Low volume: Some markets show zero 24h volume, indicating thin liquidity.

Where to Trade

TBTUSDT perpetual futures are currently available on Bybit. For automated trading strategies, consider using our bot: Trade with our bot.