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      Bybit Introduces 24/7 Perpetual Contracts for Major Currency Pairs

      Bybit, a cryptocurrency exchange, has launched perpetual contracts for three of the most traded currency pairs: EUR/USD, GBP/USD, and USD/JPY. These contracts are USDT-settled and allow traders to engage in forex speculation around the clock, offering leverage of up to 100 times. This move marks Bybit's deeper entry into traditional finance, providing a platform for crypto-native traders to access forex markets without needing to switch to conventional brokers.

      The new synthetic perpetual contracts, identified as EURUSDUSDT, GBPUSDUSDT, and USDJPYUSDT, mirror spot forex rates but settle in USDT. This enables traders to use cryptocurrency as collateral instead of fiat currency. Unlike traditional forex markets, which close on weekends, Bybit's contracts remain available for trading, addressing potential gaps during geopolitical events that could affect currency values.

      Bybit has also implemented a capped funding rate of 0.5% every eight hours, which helps manage costs during periods of high market volatility. The exchange is temporarily waiving fees on limit orders and offering a 50% discount on market order fees to encourage trading. This launch adds to Bybit's growing suite of over 200 synthetic assets, which includes equities and commodities, and reflects a broader trend of crypto exchanges expanding their offerings to include traditional financial instruments.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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