Key Highlights
- On September 8, 2026, Bybit introduced perpetual contracts settled in USDT for EUR/USD, GBP/USD and USD/JPY currency pairs
- Each contract supports leverage up to 100x and operates around the clock, seven days a week
- All settlements occur in USDT, and the contracts feature no expiration date
- This expansion grows Bybit’s TradFi Perpetuals offering to over 200 tradable assets
- The move follows similar initiatives by Kraken and BitMEX to tap into the $9.6 trillion daily forex market through crypto platforms
Cryptocurrency exchange Bybit has introduced a trio of perpetual contracts designed to provide traders with exposure to prominent forex pairs. The new offerings track EUR/USD, GBP/USD and USD/JPY, with all positions settled using USDT.
These financial instruments became available on September 8, 2026. Unlike traditional futures, they feature no expiration date, enabling position holders to maintain their trades for extended periods without contract rollovers.
Maximum Leverage and Continuous Market Access
All three perpetual contracts provide leverage options reaching 100x. This mechanism enables market participants to manage substantially larger positions relative to their posted margin, though it simultaneously increases liquidation vulnerability from minor price fluctuations.
Open positions incur funding rate charges. These recurring fees can accumulate costs or diminish profits depending on prevailing market dynamics.
The platform maintains uninterrupted trading availability, continuing operations during weekends and holidays when conventional forex venues typically suspend activity. This introduces distinctive pricing considerations. Significant weekend developments could influence Bybit’s contract valuations before traditional institutional forex trading resumes.
Reduced trading volume during non-standard hours may result in broader bid-ask spreads and create occasional discrepancies between perpetual contract prices and their underlying benchmark rates.
Integration with Bybit’s Unified Trading Account allows seamless position management. The platform employs adaptive leverage adjustments and funding rate protocols standard in cryptocurrency perpetual markets to maintain pricing alignment with reference rates.
Market participants obtain price exposure to currency pair movements without actual currency ownership. Physical delivery of euros, pounds, dollars or yen does not occur.
Expansion of Traditional Finance Product Range
These forex contracts represent another component of Bybit’s TradFi Perpetuals collection, which debuted in April 2026. The product line currently encompasses over 200 instruments connected to stocks, commodities, ETFs and pre-IPO enterprises.
Between late May and July 2026, aggregate open interest for TradFi perpetuals across leading platforms surpassed $2 billion, based on CryptoQuant analytics. Binance, Bybit and Gate collectively represented approximately 70% of this market activity.
The exchange recently incorporated synthetic instruments for Unitree Robotics and Moonshot AI within this product category. The forex perpetuals represent a strategic extension into currency trading markets.
The foreign exchange sector constitutes the planet’s most substantial financial marketplace. Over-the-counter daily volume reached an average of $9.6 trillion in April 2025, representing a 28% increase from the $7.5 trillion recorded in 2022, per Bank for International Settlements data.
Bybit represents the latest, but not inaugural, crypto platform venturing into this domain. Kraken introduced five FX perpetual futures offering 50x leverage in April 2025. BitMEX followed with six currency pairs supporting 100x leverage in April 2026.
The exchange has not disclosed initial trading volume metrics, liquidity depth, or open interest statistics for these three new instruments. No announcements regarding additional currency pairs or expansion timelines have been made public.
Product availability varies based on geographic location, account qualification status and applicable regulatory frameworks. Bybit emphasized these offerings target experienced traders familiar with leveraged derivative instruments.
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