Bybit Introduces Around-the-Clock Perpetual Contracts for Major Currency Pairs

WHY IT MATTERS

Foreign exchange (forex) is the world's largest financial market, where currencies like the US dollar, euro, and Japanese yen are traded against each other. Traditionally, forex markets operate through banks and brokers and are closed on weekends. A perpetual contract is a type of derivative popular in crypto — think of it like a bet on the price of something that never expires, unlike a traditional futures contract with a set end date. By offering forex perpetuals, Bybit is essentially letting people trade traditional currency pairs using crypto exchange infrastructure, 24/7. This matters because it shows how crypto platforms are expanding beyond just cryptocurrencies and starting to compete with traditional financial services. The 100x leverage means a trader could control a $10,000 position with just $100, which amplifies both potential gains and potential losses dramatically.