Bybit Brings Forex Trading to Cryptocurrency Platform
Bybit has expanded its derivatives offering to include major foreign exchange markets. The platform now offers perpetual contracts based on three primary currency pairs: EUR/USD, GBP/USD, and USD/JPY.
The new contracts allow traders to access forex exposure around the clock without owning the underlying currencies. Each contract has no expiry date, with profits and losses settling in USDT (Tether). This means traders can maintain positions throughout the week, including periods when traditional forex markets are closed.
Bybit also allows leverage of up to 100x on these new products, providing greater flexibility for traders responding to global economic developments. The move highlights growing competition between digital-asset exchanges and traditional financial markets.