Bybit is Taking Crypto Derivatives Deeper Into The Forex Market
Bybit (
@Bybit_Official) has launched USDT settled perpetuals tracking EUR/USD, GBP/USD and USD/JPY.
The new contracts give crypto traders exposure to major currency movements without owning the underlying currencies.
They have no expiry and offer leverage of up to 100x, while remaining available around the clock. That means traders can access these FX markets even when traditional currency markets are closed.
This new launch comes as part of Bybit’s growing TradFi service offering, which currently includes over 200 asset offerings.