Bybit Expands into Forex with Major Currency Pair Perpetual Contracts

Dubai-based crypto exchange Bybit has launched USDT-settled perpetual contracts for major currency pairs, adding FX to its growing lineup of traditional finance derivatives.

The new products track EUR/USD, GBP/USD and USD/JPY movements without giving traders ownership of the currencies themselves. They have no expiration date and offer leverage of up to 100x with trading available around the clock.

Bybit's TradFi Perpetuals suite now includes over 200 assets spanning equities, commodities, exchange-traded funds and pre-IPO companies. The contracts are settled in USDT, a stablecoin pegged to the US dollar.