Bybit Expands Derivatives Platform with Forex Perpetual Contracts

Bybit has expanded its derivatives platform to include Forex Perpetual Contracts. The exchange now offers trading in EUR/USD, GBP/USD, and USD/JPY pairs, settled in USDT. These contracts have no expiry date and track the underlying spot currency pairs.

The move allows traders to use crypto assets as collateral and provides access to traditional financial assets through derivatives. This is part of a broader trend where major cryptocurrency exchanges are increasingly offering access to traditional financial assets through tokenization and derivatives.

Bybit's contracts offer leverage of up to 100x, allowing traders to react to decisions, geopolitical developments, and other macro events outside conventional FX market hours. The exchange stated that these products are designed to help users hedge currency exposure while keeping their collateral in crypto.