Bybit Launches 24/7 Forex Crypto Derivatives

Dubai-based crypto exchange Bybit has launched USDT-settled perpetual contracts for three major currency pairs, enabling traders to speculate on foreign exchange markets around the clock with crypto collateral. The new offerings, tracking EUR/USD, GBP/USD, and USD/JPY, are available 24 hours a day, seven days a week, a significant departure from traditional forex markets which close on weekends. These synthetic contracts mirror spot forex rates but settle in USDT, allowing users to leverage their existing cryptocurrency holdings. Traders can utilize leverage of up to 100x on these contracts, amplifying potential gains and losses. The exchange stated that these new products are designed to allow traders to respond to central bank statements, geopolitical developments, and other macroeconomic events outside conventional market hours. Bybit's move expands its "TradFi Perpetuals" suite, which it began building in April 2026 and now includes over 200 synthetic assets, encompassing equities, commodities, and exchange-traded funds. The forex contracts are integrated into Bybit's Unified Trading Account, allowing them to be held alongside other crypto derivatives.