Cryptocurrency exchange Bybit has rolled out round-the-clock perpetual futures contracts tied to major foreign exchange pairs, marking another step in its expansion toward traditional financial markets. The new products track EUR/USD, GBP/USD and USD/JPY, are settled in USDT, and allow traders to use leverage of up to 100x.
Bridging Crypto and Forex
The launch brings the always-on nature of crypto markets to currency pairs that traditionally trade during set business hours across global sessions. By offering these contracts 24 hours a day, seven days a week, Bybit is targeting traders who want continuous exposure to major fiat exchange rates without the constraints of conventional forex trading windows.
Settling the perpetuals in USDT keeps the products within the stablecoin ecosystem, letting existing users trade currency movements without needing to move funds into separate fiat accounts. The move blends familiar crypto derivatives mechanics with instruments that have long been the domain of banks and specialized brokers.
Bybit is bringing the always-on rhythm of crypto trading to the world's biggest currency markets.
A Deeper TradFi Push
The high leverage of up to 100x underscores Bybit's appeal to active traders seeking amplified positions, though such multipliers also carry heightened risk of rapid losses. The offering positions the exchange to compete more directly with traditional forex platforms while retaining its crypto-native user base.
The addition reflects a broader trend of major cryptocurrency exchanges expanding beyond digital assets into products that overlap with conventional finance. By adding forex perpetuals, Bybit signals its ambition to serve as a venue for a wider array of trading strategies.
Key features of the new contracts include:
- USDT-settled perpetuals tracking EUR/USD, GBP/USD and USD/JPY
- Continuous 24/7 trading availability
- Leverage of up to 100x
As competition among exchanges intensifies, offerings that merge traditional markets with crypto infrastructure could become an increasingly important battleground for user acquisition and trading volume.