Key Highlights
- Bybit introduced USDT-settled perpetual futures for EUR/USD, GBP/USD and USD/JPY pairs on September 8, 2026
- Each contract provides access to 100x leverage with continuous trading seven days a week
- All settlement occurs in USDT, and the contracts feature no expiration dates
- This move broadens Bybit’s TradFi Perpetuals offering, which now encompasses over 200 different assets
- The platform follows Kraken and BitMEX in providing crypto-based entry to the massive $9.6 trillion daily forex market
Bybit has introduced three new perpetual contracts that provide traders with access to prominent foreign exchange currency pairs. These contracts follow EUR/USD, GBP/USD and USD/JPY movements and use USDT for settlement purposes.
These financial instruments became available on September 8, 2026. Unlike traditional futures, they have no expiration dates, enabling traders to maintain positions for unlimited periods without contract rollovers.
Maximum Leverage and Continuous Market Access
All three contracts support leverage ratios up to 100x. This capability enables traders to command substantially larger positions than their posted collateral, though even minor price fluctuations can result in position liquidations.
Open positions incur funding rates. These regular payments can either increase costs or diminish profits over extended periods, based on prevailing market dynamics.
Market activity continues without interruption, spanning weekends and holidays when conventional forex venues typically remain closed. This introduces pricing exposure. Unexpected weekend developments could shift Bybit contract valuations before traditional institutional FX trading resumes.
Limited liquidity outside standard hours might increase bid-ask spreads and generate temporary discrepancies between perpetual contract prices and benchmark reference rates.
These contracts function within Bybit’s Unified Trading Account framework. The platform employs adjustable leverage and funding rate systems standard in cryptocurrency perpetual markets to align contract valuations with their reference benchmarks.
Market participants obtain price movement exposure to these currency pairs without physically holding the base currencies. No actual euros, British pounds, US dollars or Japanese yen are exchanged.
Expansion of Traditional Finance Product Range
This forex offering represents an extension of Bybit’s TradFi Perpetuals collection, initially rolled out in April 2026. The collection currently features more than 200 instruments connected to stocks, raw materials, index funds and pre-public offering companies.
Aggregate open interest for TradFi perpetuals on leading platforms surpassed $2 billion during the late May through July 2026 period, per CryptoQuant information. Binance, Bybit and Gate collectively represented approximately 70% of this market activity.
Bybit recently introduced derivative contracts tied to Unitree Robotics and Moonshot AI within this same product category. These new FX contracts represent the platform’s expansion strategy into currency trading markets.
Currency exchange represents the planet’s most substantial financial marketplace. Average daily over-the-counter transaction volume reached $9.6 trillion during April 2025, reflecting a 28% increase from the $7.5 trillion recorded in 2022, based on Bank for International Settlements data.
Bybit isn’t the pioneer crypto platform venturing into this territory. Kraken introduced five forex perpetual futures featuring up to 50x leverage during April 2025. BitMEX incorporated six currency combinations with maximum 100x leverage in April 2026.
Bybit hasn’t disclosed initial trading volume, market depth or open interest statistics for these three new instruments. The platform hasn’t revealed plans for supplementary currency pairs or provided a roadmap for forex product expansion.
Contract availability varies by geographic location, account qualification status and applicable regulatory frameworks. Bybit indicated these instruments target traders with comprehensive knowledge of leveraged derivative products.
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