Bybit Brings Crypto Traders to 24/7 Forex Markets

Bybit has expanded its derivatives offering to include foreign exchange (FX) markets. The cryptocurrency exchange introduced perpetual contracts based on three primary currency pairs: EUR/USD, GBP/USD, and USD/JPY.

The new contracts allow traders to access FX exposure around the clock through an established USDT-settled product. This move is part of Bybit's TradFi Perpetuals lineup, which now covers over 200 assets, including equities, commodities, ETFs, and pre-IPO companies.

The introduction of high leverage up to 100x on the new products enables traders to respond to global economic developments with greater flexibility. However, it also comes with a higher risk of amplified losses during sharp currency moves.