Bybit Lists XBI/USDT Perpetual Contract With 20x Leverage

Bybit has officially listed the XBI/USDT perpetual contract, offering traders up to 20x leverage on a tokenized derivative of the State Street SPDR S&P Biotech ETF (XBI). This new listing expands Bybit’s synthetic-asset offerings and gives crypto traders direct exposure to biotech sector performance without leaving the futures market.

What Happened?

On July 15, 2026, Bybit announced the launch of the XBI/USDT perpetual contract via its official announcements page. The contract supports up to 20x leverage, enabling both long and short positions on the tokenized biotech ETF. XBI is categorized as a tokenized stock and synthetic asset, part of the broader DeFi and Binance ecosystem. The token’s current price is approximately $156.45, up 0.57% over the last 24 hours, with 18 active markets.

Context and Background

XBI represents a tokenized version of the State Street SPDR S&P Biotech ETF, a traditional finance (TradFi) asset that tracks the performance of biotechnology companies in the S&P 500. The token is built on blockchain infrastructure, allowing for 24/7 trading and integration with decentralized finance (DeFi) protocols. Despite its name, there is also a separate privacy-focused cryptocurrency called Bitcoin Incognito (XBI) launched in 2018, but Bybit’s listing refers specifically to the ETF derivative.

Token Snapshot

• Symbol: XBI
• Name: State Street SPDR S&P Biotech ETF (Derivatives)
• Current Price: ~$156.45 USD
• 24h Change: +0.57%
• Supply: Infinite (no max supply)
• Category: Tokenized Stock / Synthetic / DeFi
• Tags: DeFi, Tokenized Stock, Synthetics, Binance Ecosystem, Binance Listing, Tokenized Assets, TradFi Assets (Derivatives)
• Active Markets: 18
• Exchange: Bybit (futures only)

Risk Notes

Disclaimer: Tokenized assets carry unique risks, including potential divergence from the underlying ETF’s price due to liquidity, smart contract vulnerabilities, and regulatory uncertainty. Leverage trading amplifies both gains and losses. Always conduct your own research before trading.

Additionally, the Brave search results indicate a separate project named “Bitcoin Incognito” (XBI) that is a privacy coin. Ensure you are trading the correct asset—Bybit’s listing is for the SPDR S&P Biotech ETF derivative, not the privacy cryptocurrency.

Where to Trade

XBI/USDT perpetual contracts are available exclusively on Bybit. To automate your trading strategies or access advanced order types, consider using our bot: Trade with our bot.