Key Highlights
- On September 8, 2026, Bybit introduced USDT-settled perpetual futures for EUR/USD, GBP/USD, and USD/JPY
- Each contract provides leverage of up to 100x and operates around the clock, including during weekends and holidays
- All gains and losses are denominated in USDT, and the contracts have no expiration
- This addition broadens Bybit’s TradFi Perpetuals offering, 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 daily forex market
Bybit has introduced three perpetual contracts that provide traders with exposure to leading forex currency pairs. These contracts follow the movements of EUR/USD, GBP/USD, and USD/JPY, with settlement conducted in USDT.
The new offerings became available on September 8, 2026. Unlike traditional futures, these instruments have no expiration date, enabling traders to maintain their positions for unlimited periods without needing to transition to new contracts.
Maximum Leverage and Continuous Market Access
All three contracts support leverage ratios reaching 100x. This feature enables participants to manage substantially larger positions relative to their posted collateral, though it simultaneously increases liquidation risk from minimal price fluctuations.
Open positions are subject to funding rate payments. These regular charges can either increase trading costs 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 suspend operations. This continuous availability introduces pricing exposure. Significant news developments during weekends could shift Bybit contract valuations before traditional institutional FX markets resume activity.
Reduced liquidity during non-standard hours may expand bid-ask spreads and generate temporary discrepancies between perpetual contract prices and their underlying benchmark rates.
These contracts function within Bybit’s Unified Trading Account framework. The platform employs adaptive leverage and funding rate systems standard in cryptocurrency perpetual markets to maintain alignment between contract prices and reference values.
Participants obtain exposure to currency pair price movements without actually holding the underlying fiat currencies. No physical euros, British pounds, US dollars, or Japanese yen are transacted.
Expansion of Traditional Finance Offerings
This forex product introduction represents an expansion of Bybit’s TradFi Perpetuals collection, which debuted in April 2026. The collection currently features over 200 instruments connected to stocks, commodities, exchange-traded funds, and pre-public offering companies.
Combined open interest in traditional finance perpetuals across leading platforms surpassed $2 billion during the late May through July 2026 period, based on CryptoQuant analytics. Binance, Bybit, and Gate collectively represented approximately 70% of this trading activity.
Bybit has recently incorporated synthetic instruments tracking Unitree Robotics and Moonshot AI into this same product family. The forex contracts represent a strategic extension into currency trading markets.
The foreign exchange market represents the largest financial marketplace globally. Over-the-counter daily transaction volume reached an average of $9.6 trillion in April 2025, representing a 28% increase from $7.5 trillion recorded in 2022, per Bank for International Settlements data.
Bybit is not pioneering this territory among cryptocurrency platforms. Kraken introduced five forex perpetual futures offering up to 50x leverage in April 2025. BitMEX followed with six currency pairs supporting up to 100x leverage in April 2026.
Bybit has not disclosed initial trading volume, liquidity metrics, or open interest statistics for these three new instruments. The platform has also not revealed plans for additional currency pairs or provided a roadmap for forex product expansion.
Contract availability varies based on geographic location, account qualification criteria, and applicable local regulatory frameworks. Bybit indicated these products target traders with expertise in leveraged derivative instruments.
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