Key Highlights
- Bybit introduced USDT-settled perpetual contracts for EUR/USD, GBP/USD, and USD/JPY currency pairs on September 8, 2026
- The three forex contracts provide leverage up to 100x and enable trading around the clock, including weekends
- All settlements are conducted in USDT, with contracts featuring no expiration dates
- This release broadens Bybit’s TradFi Perpetuals portfolio, which now encompasses over 200 different assets
- The move positions Bybit alongside Kraken and BitMEX in providing crypto-based access to the $9.6 trillion per day forex marketplace
Bybit has introduced three fresh perpetual contracts designed to provide traders with exposure to prominent foreign exchange currency pairs. These new offerings track the EUR/USD, GBP/USD, and USD/JPY pairs, with all settlements processed in USDT.
The new products became available on September 8, 2026. Unlike traditional futures, these perpetual contracts have no expiration dates, enabling traders to maintain their positions for unlimited durations without the need to transition into fresh contracts.
Maximum Leverage and Continuous Market Access
All three contracts provide leverage options reaching up to 100x. This functionality enables traders to manage positions substantially larger than their posted collateral, though it simultaneously increases liquidation risk from minor price fluctuations.
Open positions are subject to funding rates. These regular payments can increase expenses or diminish profits over extended periods, influenced by prevailing market dynamics.
The platform operates without interruption, maintaining activity through weekends and holidays when conventional forex markets typically cease operations. This continuous operation introduces distinct pricing considerations. Major news developments occurring during weekends could shift Bybit contract valuations before traditional institutional forex venues resume trading.
Limited liquidity during non-standard trading hours may result in broader spreads and occasional discrepancies between perpetual contract prices and their corresponding reference benchmarks.
These contracts function within Bybit’s Unified Trading Account framework. The platform employs adaptive leverage and funding rate systems typical of cryptocurrency perpetual markets to maintain contract price alignment with reference rates.
Market participants obtain price exposure to currency pairs without physically holding the underlying fiat currencies. The process involves no actual exchange of euros, British pounds, US dollars, or Japanese yen.
Expansion of Traditional Finance Offerings
This forex product launch represents an extension of Bybit’s TradFi Perpetuals collection, initially unveiled in April 2026. The comprehensive suite currently features more than 200 instruments connected to stocks, commodities, ETFs, and pre-IPO entities.
Data from CryptoQuant indicates that open interest for TradFi perpetuals across leading exchanges surpassed $2 billion throughout the late May to July 2026 period. Binance, Bybit, and Gate collectively represented approximately 70% of this trading activity.
Bybit has recently incorporated synthetic contracts tracking Unitree Robotics and Moonshot AI within this product suite. The introduction of forex contracts represents a logical progression of this approach into currency trading markets.
The foreign exchange market stands as the globe’s most substantial financial marketplace. According to Bank for International Settlements data, daily over-the-counter trading volume reached an average of $9.6 trillion in April 2025, representing a 28% increase from the $7.5 trillion recorded in 2022.
Bybit isn’t pioneering this territory among cryptocurrency exchanges. Kraken introduced five FX perpetual futures offering up to 50x leverage in April 2025. BitMEX followed by adding six currency pairs with leverage reaching 100x in April 2026.
Bybit hasn’t disclosed initial trading volume, liquidity metrics, or open interest statistics for these three new contract offerings. The exchange hasn’t announced plans for additional currency pairs or provided a roadmap for further forex market expansion.
Contract availability varies based on geographical location, account qualification criteria, and applicable local regulatory frameworks. Bybit emphasized that these products target traders with comprehensive understanding of leveraged derivative instruments.
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