Bybit has launched 24/7 perpetual contracts on three major foreign exchange pairs—EURUSD, GBPUSD, and USDJPY—directly within its crypto derivatives trading infrastructure. The contracts went live Tuesday, offering up to 100x leverage and settling in USDT through Bybit’s Unified Trading Account, allowing traders to hold FX positions alongside crypto derivatives using digital asset collateral.
The exchange is positioning round-the-clock availability as a key differentiator, enabling traders to react to central bank announcements and geopolitical events outside traditional forex market hours. However, Bybit has not disclosed how reference pricing will operate when underlying spot FX markets are closed, noting only that it may adjust leverage, margin rates, and price sources.
These perpetuals are separate from Bybit’s existing MetaTrader 5-based CFD service, which offers over 70 FX pairs with up to 500x leverage but follows standard market hours. The move places Bybit alongside Kraken in the emerging category of crypto venues offering forex perpetual contracts.
FXnCO Insight
Traders should clarify price feed mechanisms during weekend hours before committing capital, as liquidity and spread behaviour outside traditional FX sessions remain unclear.
Source: Finance Magnates