Bybit Enters $9.6 Trillion Forex Market with New FX Perpetuals
Bybit has launched three new FX perpetual contracts on its platform, expanding its derivatives business into major global currency markets. The exchange introduced USDT-settled contracts tracking EUR/USD, GBP/USD and USD/JPY, with a maximum leverage of 100x.
The products use USDT collateral, have indefinite maturities, funding rates, and Bybit's Unified Trading Account system. Traders receive price exposure without owning euros, pounds, dollars, yen, or underlying currency deposits directly.
Bybit is entering a market already targeted by other crypto exchanges, including Kraken and BitMEX. The FX launch broadens Bybit's strategy from stocks and commodities into currency trading, with the exchange aiming to maintain deep liquidity and close tracking during weekends, holidays, and periods of currency volatility.