Bybit Unveils Crypto-Collateralized Forex Perpetual Contracts
Bybit, a leading cryptocurrency exchange, has introduced Forex (FX) Perpetual Contracts to its derivatives offerings. This new product category includes three major currency pairs: EURUSDUSDT, GBPUSDUSDT, and USDJPYUSDT. These contracts are USDT-settled and track the respective spot exchange rates without an expiry date.
The launch of FX Perpetual Contracts marks a significant expansion of Bybit's TradFi Perpetuals suite, which has grown to over 200 assets since its introduction in April 2026. The new product allows traders to access the foreign exchange market using crypto collateral and manage their exposure to currency fluctuations.
The FX market is a critical component of global finance, with an average daily turnover of $9.6 trillion in April 2025, according to the BIS Triennial Central Bank Survey. Bybit's FX Perpetual Contracts provide traders with flexibility and convenience, allowing them to respond to weekend macro developments and central bank statements without waiting for the underlying market to reopen.