Crypto exchange Bybit has introduced USDT-settled forex perpetual contracts tied to three major currency pairs: EUR/USD, GBP/USD and USD/JPY. The contracts offer up to 100x leverage and trade on a 24/7 basis. The new listings sit under Bybit’s TradFi perpetuals lineup, which the exchange said has expanded to more than 200 assets since its launch in April 2026, including stocks, commodities, ETFs and pre-listing companies. The move adds foreign exchange exposure to a product suite that already spans several traditional finance categories. ChainCatcher’s report also cited Bank for International Settlements data showing that the global foreign exchange market recorded $9.6 trillion in average daily over-the-counter turnover in April 2025, making it the world’s largest and most liquid financial market. Bybit is not the first crypto venue to enter this segment. Kraken rolled out five forex perpetual contracts in April 2025 with up to 50x leverage, while BitMEX launched six similar products in April 2026, each offering leverage of up to 100x.
Bybit has launched USDT-settled forex perpetual contracts covering three major currency pairs: EUR/USD, GBP/USD and USD/JPY. The contracts offer leverage of up to 100x and are available for trading 24/7.
The product is part of Bybit’s TradFi perpetuals lineup. According to the exchange, that series has covered more than 200 assets since its launch in April 2026, including stocks, commodities, exchange-traded funds and pre-listing companies.
Forex market size and peer offerings
Data cited from the Bank for International Settlements showed that the global foreign exchange market reached $9.6 trillion in average daily over-the-counter trading volume in April 2025. The report described it as the largest and most liquid financial market in the world.
Bybit is not the first crypto exchange to offer forex perpetuals. Kraken introduced five forex perpetual contracts in April 2025 with leverage of up to 50x, while BitMEX launched six similar products in April 2026, each with leverage of up to 100x.
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