Bybit Launches 24/7 Forex Perpetual Futures With 100x Leverage
The contracts cover EUR/USD, GBP/USD and USD/JPY, according to information shared by Cointelegraph. The launch gives Bybit users access to perpetual futures tied to major currency pairs through a cryptocurrency-settled derivatives product.
Bybit Adds Major Forex Pairs
The newly introduced contracts track three of the most widely traded currency pairs in global foreign exchange markets. EUR/USD represents the euro against the U.S. dollar, GBP/USD tracks the British pound against the dollar, while USD/JPY measures the U.S. dollar against the Japanese yen.
Unlike traditional spot foreign exchange markets, perpetual futures do not have a fixed expiration date. Traders can maintain positions without a predetermined settlement date, subject to the platform's trading and risk-management conditions.
Bybit's contracts are USDT-settled, meaning positions and their associated profit or loss are denominated in the stablecoin rather than the underlying fiat currencies.
The 24/7 availability also distinguishes the products from conventional foreign exchange trading, where market activity generally follows established global trading sessions and is affected by weekend closures.
Up to 100x Leverage Available
The new perpetual futures contracts provide leverage of up to 100x. Leverage allows traders to control a larger position with a smaller amount of posted capital, while also increasing the potential impact of price movements on a position.
At 100x leverage, relatively small movements in the underlying currency pair can have a substantial effect on a trader's margin position. The feature therefore introduces significant risk alongside the ability to take larger leveraged positions.
The products' USDT settlement also places them within Bybit's existing crypto derivatives environment, allowing users to trade exposure to traditional currency pairs through a digital-asset-based collateral and settlement structure.
Forex Exposure Through Crypto Derivatives
The launch marks an expansion of the assets available through Bybit's perpetual futures market. Rather than requiring users to trade the underlying currencies directly, the contracts provide derivatives-based exposure to movements in EUR/USD, GBP/USD and USD/JPY.
Cointelegraph reported the introduction as Bybit moves to offer the three forex pairs through perpetual futures that operate around the clock. The announcement did not provide additional details in the cited post about contract specifications beyond the 24/7 trading schedule, USDT settlement and maximum leverage of 100x.
The newly launched products are therefore focused on providing continuous derivatives access to the three currency pairs, with their availability and trading conditions governed by Bybit's platform rules.
writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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