Bybit Introduces FX Perpetual Contracts

Bybit Launches FX Perpetual Contracts, Expanding into Global Forex Market

Bybit announced today the launch of its Forex Perpetual Contracts for EUR/USD, GBP/USD, and USD/JPY, marking an expansion of its derivatives business into the global foreign exchange market, which sees trillions of dollars traded daily.

Contract Details

The new contracts will be settled in USDT. They feature no expiry date and are designed to track the underlying spot currency pairs. Traders will be able to utilize crypto assets as collateral for these contracts.

Broader Industry Trend

This strategic move aligns with a broader trend where major cryptocurrency exchanges and trading platforms are increasingly providing access to traditional financial assets through derivatives and tokenization.

Initial Offerings and Leverage

The initial listings include EURUSDUSDT, GBPUSDUSDT, and USDJPYUSDT. According to a statement from Bybit, these contracts will offer leverage of up to 100x.

24/7 Trading Advantage

In contrast to conventional Forex markets, Bybit’s perpetual contracts will be available for trading around the clock. This feature will enable traders to respond to economic decisions, geopolitical shifts, and other macroeconomic events, even when the underlying FX market is closed.

Hedging and Collateral

The exchange stated that these products are intended to assist users in hedging currency exposure while maintaining their collateral in cryptocurrency.

Context of Launch

This launch follows Bybit’s introduction of its TradFi Perpetual suite in April 2026. The growing sector of real-world assets has seen an increasing number of crypto-native exchanges venturing into traditional finance. This development is perhaps unsurprising, as crypto traders seek access to traditional markets, making a single-account solution a logical progression.

Risk Considerations

It is important to note that FX perpetuals are leveraged derivatives. Consequently, users will be subject to funding costs and liquidation risks, rather than directly owning the underlying currencies. The success of these contracts in attracting significant and sustained liquidity beyond conventional FX trading hours remains to be seen.