Bybit introduces round-the-clock forex perpetual contracts for leading currency markets
The Dubai exchange rolled out perpetual contracts settled in USDT for EUR/USD, GBP/USD and USD/JPY pairs, featuring continuous trading and maximum leverage reaching 100x.
The cryptocurrency trading platform Bybit, headquartered in Dubai, has introduced perpetual contracts settled in USDT that track three prominent foreign exchange currency pairs, expanding its portfolio of traditional finance derivative instruments to include forex markets.
The perpetual contracts track the price movements of EUR/USD, GBP/USD and USD/JPY currency pairs, enabling traders to speculate on fluctuations in these underlying forex pairs without actually holding the physical currencies. These instruments feature no set expiry dates and provide traders with leverage capabilities reaching up to 100x.
All profit and loss settlements are denominated in USDT, while the trading platform remains accessible continuously throughout the week, maintaining availability even during periods when traditional foreign exchange markets are not operating.
These newly introduced offerings form part of Bybit's TradFi Perpetuals product suite, which the cryptocurrency exchange originally rolled out in April and claims currently encompasses more than 200 underlying assets across various categories including stocks, commodities, exchange-traded funds and companies preparing for initial public offerings
The foreign exchange market represents the largest and most liquid financial marketplace globally. According to data from the Bank for International Settlements, daily over-the-counter foreign exchange trading volume reached an average of $9.6 trillion per day in April 2025.
Bybit joins other cryptocurrency exchanges already offering forex perpetual products to their users. Kraken introduced five foreign exchange perpetual futures contracts featuring leverage up to 50x back in April 2025, while BitMEX rolled out six currency pairs with leverage capabilities up to 100x in April 2026.