Key facts
- Bybit has launched USDT-settled perpetual contracts for EUR/USD, GBP/USD, and USD/JPY.
Crypto exchange Bybit has introduced USDT-settled perpetual contracts for EUR/USD, GBP/USD, and USD/JPY. These contracts offer 24/7 trading with leverage up to 100x, expanding the exchange's TradFi Perpetuals suite.
Bybit's expansion into forex perpetuals provides crypto traders with access to the world's largest and most liquid financial market, potentially attracting new users and increasing trading volume on the platform.
Dubai-based crypto exchange Bybit has expanded its derivatives offerings by launching USDT-settled perpetual contracts for three major currency pairs: EUR/USD, GBP/USD, and USD/JPY. These new contracts allow traders to speculate on the movements of these currency pairs without owning the underlying assets, featuring no expiration date and leverage up to 100x. Trading is available 24/7, even when traditional foreign exchange markets are closed, with all profits and losses settled in USDT. This move is part of Bybit's broader TradFi Perpetuals suite, which was introduced in April and now encompasses over 200 assets, including equities, commodities, and ETFs. Bybit is not the first in the crypto space to offer such products; Kraken and BitMEX have previously launched their own forex perpetual futures with varying leverage options.