TLDR
- Bybit launched USDT-settled perpetual contracts tracking EUR/USD, GBP/USD and USD/JPY on September 8, 2026
- All three contracts offer up to 100x leverage and trade 24/7, including weekends and holidays
- Profits and losses are settled in USDT, with no expiry date on the contracts
- The launch expands Bybit’s TradFi Perpetuals suite, which now covers more than 200 assets
- Bybit joins Kraken and BitMEX in offering crypto-native access to the $9.6 trillion daily FX market
Bybit has launched three new perpetual contracts giving traders exposure to major foreign currency pairs. The contracts track EUR/USD, GBP/USD and USD/JPY and are settled in USDT.
Bybit is Taking Crypto Derivatives Deeper Into The Forex Market
Bybit (@Bybit_Official) has launched USDT settled perpetuals tracking EUR/USD, GBP/USD and USD/JPY.
The new contracts give crypto traders exposure to major currency movements without owning the underlying… pic.twitter.com/IO9QuQhVgz
— BSCN (@BSCNews) September 9, 2026
The products went live on September 8, 2026. They carry no expiry date, meaning traders can hold positions indefinitely without rolling into new contracts.
100x Leverage and Round-the-Clock Trading
Each contract offers up to 100x leverage. That allows traders to control positions far larger than the collateral they post, but it also means a small price move can trigger a liquidation.
Funding rates apply to open positions. These periodic payments can add to costs or reduce returns over time, depending on market conditions.
Trading runs continuously, including on weekends and public holidays when traditional FX markets are largely closed. That creates a pricing risk. Weekend news events could move Bybit contract prices before deeper institutional FX markets reopen.
Thin liquidity during off-hours may widen spreads and cause temporary gaps between the perpetual price and the underlying reference rate.
The contracts are integrated into Bybit’s Unified Trading Account. The exchange uses dynamic leverage and funding rate mechanisms common in crypto perpetual markets to keep contract prices close to their reference rates.
Traders gain price exposure to the currency pairs without owning the underlying currencies. No euros, pounds, dollars or yen change hands.
Part of a Growing TradFi Suite
The FX launch is part of Bybit’s TradFi Perpetuals suite, which the exchange launched in April 2026. The suite now includes more than 200 products tied to equities, commodities, exchange-traded funds and pre-IPO companies.
Open interest in TradFi perpetuals across major exchanges exceeded $2 billion between late May and July 2026, according to CryptoQuant data. Binance, Bybit and Gate accounted for roughly 70% of that activity.
Bybit recently added synthetic contracts linked to Unitree Robotics and Moonshot AI to the same suite. The FX contracts extend that strategy into currency markets.
Foreign exchange is the world’s largest financial market. Daily over-the-counter turnover averaged $9.6 trillion in April 2025, up 28% from $7.5 trillion in 2022, according to the Bank for International Settlements.
Bybit is not the first crypto exchange to enter this space. Kraken launched five FX perpetual futures with up to 50x leverage in April 2025. BitMEX added six currency pairs with up to 100x leverage in April 2026.
Bybit has not published opening volume, liquidity or open interest figures for the three new contracts. The exchange also has not announced additional currency pairs or a timeline for expanding the FX range.
Access to the contracts depends on jurisdiction, account eligibility and local regulations. Bybit said the products are intended for traders who understand leveraged derivatives.
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