Bybit Introduces USDT-Settled Perpetual Contracts for Major Currency Pairs
- Bybit has launched perpetual contracts for EUR/USD, GBP/USD, and USD/JPY currency pairs.
- The contracts allow leverage of up to 100x and have no expiration date.
- Trading is conducted in USDT, with profits and losses settled in the same.
- Bybit’s new offerings are part of its TradFi Perpetuals suite, which now includes over 200 assets.
- Global FX turnover averaged $9.6 trillion per day as of April.
The introduction of these contracts marks Bybit’s expansion into the foreign exchange market, enhancing its derivatives offerings alongside equities and commodities. This move aligns with the growing interest in trading forex through cryptocurrency platforms.
With leverage options up to 100x, Bybit aims to attract traders looking for high-risk, high-reward opportunities in major currency pairs like EUR/USD and GBP/USD.
