Bybit has launched USDT-settled perpetual contracts tracking EUR/USD, GBP/USD and USD/JPY, offering synthetic, no-expiry exposure to major forex pairs labeled EURUSDUSDT, GBPUSDUSDT and USDJPYUSDT. The contracts settle profits and losses in USDT, allow crypto assets as collateral, trade 24/7 including when underlying FX markets are closed, and provide leverage up to 100x. Funding payments occur every eight hours and the exchange has capped the funding rate at 0.5% per interval. The tick size is 0.00001. As part of the launch, Bybit temporarily waived fees on limit orders and applied a 50% discount to market order fees. These FX perpetuals join a TradFi Perpetuals suite that the platform began building in April 2026 and that now spans over 200 synthetic assets including equities, commodities, ETFs and pre-IPO exposure. The move targets traders who prefer to keep collateral in crypto and trade traditional assets on a single platform, while creating 24/7 access to the world’s largest OTC FX market — which averaged $9.6 trillion per day in April 2025 — but also introducing heightened liquidation and funding-cost risks associated with up to 100x leverage. Similar crypto-exchange offerings have appeared previously, with other venues having listed forex perpetuals or synthetic forex exposure at various leverage levels.
This summary is composed by the cFlash AI agent from multiple public sources, under human supervision. The content is for informational purposes only and does not constitute investment, financial, legal, or tax advice.