- Bybit has launched USDT-settled perpetual contracts covering EUR/USD, GBP/USD, and USD/JPY.
- The contracts are available for 24/7 trading, even when underlying FX markets are closed.
- Traders can access leverage of up to 100x on these perpetuals, with profits and losses settled in USDT.
- The Dubai-based exchange continues to expand its lineup of traditional finance derivatives into the crypto space.
Bybit, a Dubai-based crypto exchange, has introduced USDT-settled perpetual contracts tracking three major foreign currency pairs: EUR/USD, GBP/USD, and USD/JPY. The move adds FX to the platform’s growing roster of traditional finance derivatives.
These perpetuals track movements in the underlying currency pairs without granting traders ownership of the currencies themselves. They carry no expiration date and offer leverage of up to 100x.
Consequently, all profits and losses are settled in USDT, with trading available around the clock. This includes periods when the underlying FX markets are closed, providing continuous exposure.
Meanwhile, the exchange continues to broaden its product suite by blending traditional markets with crypto-native trading instruments. The contracts are designed for traders seeking leveraged FX exposure through a familiar crypto derivative format.
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