Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is expanding deeper into traditional finance with the launch of Forex (FX) Perpetual contracts tied to three major currency pairs: EUR/USD, GBP/USD and USD/JPY.
The new USDT-settled contracts have no expiration date and are available for trading around the clock, according to Bybit.
Bybit Adds Three Major FX Pairs
The three FX perpetual contracts are settled in USDT and mirror their respective underlying spot forex rates without an expiry date, following the same basic mechanics as crypto perpetual futures.
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The contracts operate within Bybit’s Unified Trading Account and include funding rates and dynamic leverage, consistent with the exchange’s existing TradFi Perpetuals products.
Unlike the underlying spot FX market, which is generally closed over the weekend, Bybit’s FX Perpetuals trade around the clock, allowing users to react to weekend macro news, central bank statements, and geopolitical developments in real time.
According to Bybit, EUR/USD and USD/JPY rank among the most traded currency pairs globally, while GBP/USD is closely watched around Bank of England policy decisions.
Foreign exchange is one of the largest markets in global finance. According to the Bank for International Settlements’ latest Triennial Central Bank Survey, over-the-counter FX turnover averaged $9.6 trillion per day in April 2025, compared with $7.5 trillion in 2022.
Bybit launched its TradFi Perpetuals suite in April 2026. The company said the offering has since expanded to more than 200 assets across equities, commodities, exchange-traded funds and pre-IPO names.
Bybit Pushes Deeper Into TradFi
The launch comes as crypto exchanges expand their offerings beyond digital assets into stocks, commodities, ETFs and other traditional financial instruments.
Bybit has already expanded into these markets through its TradFi Perpetuals and other TradFi products, making the FX launch an extension of an existing strategy.
The launch extends Bybit’s existing TradFi derivatives offering into the trillion-dollar-a-day FX market, giving users crypto-style perpetual contracts on major currencies through the same trading infrastructure. It also expands Bybit’s TradFi Perpetuals lineup beyond the equities, commodities, ETFs and other assets already available on the platform.
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