Bybit Expands Derivatives with Major Currency Pair Perpetual Contracts

Dubai-based cryptocurrency exchange Bybit has expanded its derivatives offerings to include foreign exchange (FX) perpetual contracts. The new products, which are part of the TradFi Perpetuals suite launched in April, track movements in three major currency pairs without giving traders ownership of the underlying currencies.

The $USDT-settled perpetual contracts cover EUR/USD, GBP/USD, and USD/JPY with no expiration date. Traders can take advantage of up to 100x leverage on these products.

This move adds FX to Bybit's growing lineup of traditional finance derivatives, which now spans over 200 assets including equities, commodities, exchange-traded funds, and pre-IPO companies.