Bybit Launches FX Perpetual Contracts for Major Currency Pairs

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced the launch of Forex (FX) Perpetual Contracts. The new product category debuts with three currency pairs: EURUSDUSDT, GBPUSDUSDT, and USDJPYUSDT. Settled in USDT, these contracts track spot exchange rates without an expiry date, giving traders continuous exposure to major currency pairs using crypto assets as collateral.

According to the latest BIS Triennial Central Bank Survey, turnover in OTC FX markets averaged $9.6 trillion per day in April 2025, up 28% from $7.5 trillion in 2022. The new listings extend Bybit's TradFi Perpetuals suite, which launched in April 2026 and now includes over 200 assets across global equities, commodities, ETFs, and pre-IPO names. The FX perpetuals also offer a currency hedging mechanism for traders anticipating potential interest rate hike cycles in late 2026 and 2027.

Bybit's FX Perpetuals incorporate crypto-native mechanics, including funding rates, dynamic leverage, and full integration with the platform's Unified Trading Account. Tradable around the clock, they allow market participants to respond to weekend macroeconomic developments, central bank statements, and geopolitical events. As leveraged derivatives products, FX Perpetuals carry liquidation risk and are designed for traders familiar with margin trading.