Bybit Launches 100x Perpetual Contracts for Major Forex Pairs

Cryptocurrency exchange Bybit has announced the launch of USDT-settled forex perpetual contracts covering three major currency pairs—EUR/USD, GBP/USD, and USD/JPY—with support for up to 100x leverage and 24/7 trading. The product is part of Bybit's TradFi perpetual contract series, which has covered over 200 assets including stocks, commodities, ETFs, and pre-IPO companies since its launch in April this year. According to Bank for International Settlements data, global forex market daily over-the-counter trading volume reached $9.6 trillion in April 2025, making it the world's largest and most liquid financial market. Bybit is not the first crypto exchange to venture into forex perpetual contracts—Kraken launched five forex perpetual contracts with up to 50x leverage in April 2025, while BitMEX rolled out six similar products with up to 100x leverage in April 2026.