Bybit has expanded its derivatives offering to foreign exchange by introducing perpetual contracts based on three primary currency pairs. The shift will allow the crypto trader to access forex forex exposure around the clock through an established $USDT settled product. The launch also highlights growing competition between digital-asset exchanges and traditional financial markets.
Bybit Adds Major Forex Pairs
The new contracts track EUR/USD, GBP/USD, and USD/JPY. Traders can open positions without owning the underlying currencies. Each contract has no expiry date, while profits and losses settle in $USDT.
Moreover, Bybit allows leverage of up to 100x on the new products. Trading continues throughout the week, including periods when traditional forex markets remain closed.
Consequently, traders gain greater flexibility when responding to global economic developments. However, high leverage can also amplify losses during sharp currency moves.
TradFi Competition Intensifies
The forex launch forms part of Bybit’s TradFi Perpetuals lineup. The exchange introduced that suite in April and now covers more than 200 assets.
Besides currencies, the offering includes equities, commodities, ETFs, and pre-IPO companies. Significantly, Bybit enters a market with enormous global liquidity.
The Bank for International Settlements reported daily FX turnover of $9.6 trillion in April 2025. Meanwhile, Kraken and BitMEX have already introduced similar forex perpetual products.
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