Bybit launches mainstream forex pairs with 100x perpetual contracts

Cryptocurrency exchange Bybit announced the launch of USDT-settled forex perpetual contracts, covering three major currency pairs: Euro/USD, Pound/USD, and Dollar/Yen, supporting up to 100x leverage, and offering 24/7 trading. This product belongs to Bybit's TradFi perpetual contract series, which has included over 200 assets since its launch in April this year, covering stocks, commodities, ETFs, and pre-IPO companies. According to data from the Bank for International Settlements, the global forex market's average daily over-the-counter trading volume reached $9.6 trillion in April 2025, making it the largest and most liquid financial market in the world. Bybit is not the first cryptocurrency exchange to venture into forex perpetual contracts; Kraken launched five forex perpetual contracts with up to 50x leverage in April 2025, while BitMEX launched six similar products with up to 100x leverage in April 2026.