Bybit Enters $9.6 Trillion Forex Market with 100x FX Perpetuals

Bybit has expanded its derivatives trading platform by adding three foreign-exchange perpetual contracts. These contracts offer EUR/USD, GBP/USD and USD/JPY forex trading to eligible traders as perpetual synthetic contracts.

The contracts are named EURUSDUSDT, GBPUSDUSDT and USDJPYUSDT and are USDT-margined with a maximum leverage of 100x.

Unlike traditional futures contracts, perpetual futures contracts do not have an expiration date. This means no rolling over of positions to later expirations is necessary.

Bybit's futures contracts are kept in line with the price of their respective spot currency pairs through funding payments and mechanisms typically used in crypto perpetual futures contracts.