Bybit launches 24/7 perpetuals for major currency pairs
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Cointelegraph by Nate Kostar
Bybit has expanded its TradFi Perpetuals suite by launching 24/7 USDT-settled perpetual contracts for EUR/USD, GBP/USD, and USD/JPY. These new instruments allow traders to speculate on major forex pairs with up to 100x leverage without requiring underlying currency ownership.
Bybit Bridges Crypto and Forex Markets with New Perpetual Offerings
Dubai-based cryptocurrency exchange Bybit has significantly expanded its financial product ecosystem by introducing USDT-settled perpetual contracts for three primary foreign exchange (FX) pairs: EUR/USD, GBP/USD, and USD/JPY. This strategic move marks a deeper integration of traditional finance (TradFi) instruments into the crypto-native trading environment, allowing users to interact with global currency markets through the familiar mechanism of perpetual futures.
Mechanics of the New Perpetual Contracts
These new perpetual contracts are designed to track the underlying price movements of the world’s most liquid currency pairs without necessitating the actual ownership or physical exchange of the currencies themselves. By settling profits and losses in USDT, Bybit provides a seamless experience for crypto-native traders who prefer to maintain their balances in stablecoins. The absence of an expiration date allows for long-term positioning, while the inclusion of up to 100x leverage introduces high-intensity opportunities for market participants, albeit with significantly increased risk profiles.
24/7 Liquidity and Market Accessibility
One of the most notable features of this launch is the availability of trading around the clock. While traditional FX markets operate on a standard schedule and typically close during weekends, Bybit’s perpetual structure ensures that traders can maintain positions and react to global economic shifts 24/7. This capability addresses the inherent limitations of traditional banking hours, offering a bridge for traders who seek to hedge or speculate on currency volatility even when centralized banking systems are offline.
Expanding the TradFi Perpetuals Suite
This development is an extension of Bybit’s 'TradFi Perpetuals' suite, which was initially introduced in April. By continuously layering traditional asset classes—such as major currency pairs—into their platform, Bybit is positioning itself as a hybrid financial hub. This shift reflects a broader industry trend where crypto exchanges strive to capture market share from legacy brokerage platforms by offering a broader range of derivatives under a unified digital asset interface.
Implications for the Future of Trading
The introduction of these products highlights the growing convergence between the decentralized finance ecosystem and global macroeconomic indicators. By providing exposure to EUR/USD, GBP/USD, and USD/JPY, Bybit is enabling a new class of traders to hedge their crypto portfolios against traditional fiat currency fluctuations. As the exchange continues to grow its TradFi lineup, the potential for increased cross-market liquidity and more sophisticated arbitrage strategies between crypto and fiat derivatives will likely continue to evolve, reshaping how retail and institutional participants interact with global financial markets.