Bybit Launches 24/7 Forex Perpetuals with 100x Leverage

Crypto exchange Bybit has launched USDT-settled perpetual contracts for three major foreign exchange pairs, offering 24/7 trading with leverage of up to 100x.

The new contracts track the EUR/USD, GBP/USD, and USD/JPY currency pairs, allowing traders to speculate on their price movements without owning the underlying assets. Profits and losses are settled in USDT, and the contracts have no expiration date, enabling continuous trading even when traditional forex markets are closed.

These forex perpetuals are part of Bybit’s TradFi Perpetuals suite, which the Dubai-based exchange first launched in April. The suite now includes over 200 assets spanning equities, commodities, and exchange-traded funds.

Bybit follows other crypto-native platforms like Kraken and BitMEX in offering leveraged forex derivatives, tapping into the massive global foreign exchange market where daily turnover averaged $9.6 trillion in April 2025.