Bybit launches forex perpetual contracts, supporting up to 100 times leverage

The cryptocurrency exchange Bybit has launched a USDT settled forex perpetual contract, covering three currency pairs: EUR/USD, GBP/USD, and USD/JPY, supporting 24/7 trading and up to 100 times leverage. This contract has no expiration date, and profits and losses are settled in USDT. Traders track price trends and do not acquire currency ownership. This product has been included in Bybit's TradFi Perpetual product line, which currently covers over 200 assets including stocks, commodities, ETFs, and pre IPO companies.