TREE NEWS update: Bybit announced on September 9 the launch of foreign exchange perpetual contracts, initially covering EUR/USD, GBP/USD, and USD/JPY, settled in USDT with dynamic leverage matching its TradFi perp products. Unlike traditional FX markets that close on weekends, the contracts trade 24/7, allowing traders to react to macro data and central bank statements during off-hours. The contracts have no expiry and operate within the unified trading account (UTA) via a funding rate mechanism.
Bybit launches FX perpetuals for EUR/USD, GBP/USD, USD/JPY
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AI take
Bybit's FX perpetuals mark a notable bridge between crypto infrastructure and traditional forex, offering round-the-clock macro exposure that conventional markets lack. This matters primarily for crypto-native traders seeking leveraged currency positions without leaving the UTA ecosystem, though it also signals exchanges' push to cannibalize TradFi liquidity. The absence of weekend closures could amplify reactions to central bank news, but the funding rate mechanism will determine whether pricing stays anchored to spot FX. Whether institutional or retail volume materializes, and how the 24/7 model handles liquidity gaps, is the key dynamic to monitor.
Generated by AI for reference only.
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