Bybit Lists TENCENTUSDT Perpetual Contract with 25x Leverage

Bybit has listed a new perpetual contract for TENCENTUSDT, a tokenized derivative tracking Tencent Holdings Ltd. The contract supports up to 25x leverage, giving traders amplified exposure to the tech giant's price movements. This listing expands Bybit's offerings in the tokenized stock and synthetic assets space, appealing to those seeking traditional equity exposure through crypto derivatives.

What Happened

On July 28, 2026, Bybit announced the launch of the TENCENTUSDT perpetual contract on its futures platform. The contract allows traders to go long or short on Tencent's price with leverage up to 25x. At the time of listing, the underlying price was approximately $57.14 USD. This move follows a broader trend of exchanges tokenizing traditional assets, enabling 24/7 trading without conventional market hours.

Tencent Holdings, a Chinese multinational conglomerate, has been in the spotlight due to regulatory risks. Recent reports indicate that over 80 Chinese firms, including Tencent, face potential delisting from US exchanges, with a 15-business-day window to contest the decision. This adds a layer of geopolitical uncertainty to the derivative's price action.

Token Snapshot

• Symbol: TENCENT
• Name: Tencent Holdings Ltd (Derivatives)
• Current Supply: 0 (infinite supply model)
• Last Known Price: $57.21 USD (up 1.17% in 24 hours)
• 24h Trading Volume: $0.00 (as of metadata snapshot)
• Active Markets: 22
• Tags: DeFi, Tokenized Stock, Synthetics, Binance Ecosystem, Binance Listing, Tokenized Assets, TradFi Assets (Derivatives)
• Twitter: @TencentGlobal

Note: The token is a synthetic derivative, not a direct equity share. Its price is designed to track Tencent's stock but may deviate due to market dynamics.

Risk Notes

Disclaimer: Tokenized stocks carry unique risks, including potential divergence from the underlying asset, liquidity constraints, and regulatory changes. The SEC's warning about Chinese company delistings could impact Tencent's stock price and, consequently, this derivative.

• Regulatory Risk: US delisting proceedings could create volatility.
• Leverage Risk: 25x leverage amplifies both gains and losses.
• Liquidity Risk: Low trading volume may lead to slippage.
• Synthetic Nature: No direct ownership of Tencent shares.

Where to Trade

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