Bybit and Binance launch 24/7 perpetual and FX contracts
6.6 Markets Bybit unveils 24/7 Perp Options on SpaceX and Nvidia, plus Bybit Odds for BTC and ETH. Binance launches 24/7 FX perpetuals, starting with USDBRLUSDT and up to 100x leverage.
Bybit has introduced Perp Options, the first options contracts based on TradFi perpetuals, with SpaceX and Nvidia as the initial underlying assets. These contracts are traded continuously, settled in USDT, and support fractional lot sizes. Positions are managed within the Unified Trading Account and are eligible for Portfolio Margin offsets. Tesla, QQQ, SOXL, and Micron may be added as underlying assets in the future. Additionally, Bybit has launched Bybit Odds, a fixed-payout contract allowing users to predict Bitcoin and Ethereum prices. Bybit Odds offers three contract types, with no leverage or liquidation risk, providing a simplified trading experience. Meanwhile, Binance is launching its first 24/7 FX perpetual futures contract, USDBRLUSDT, offering up to 100x leverage and a dual-mode pricing system for continuous trading. This follows Bybit’s earlier introduction of EURUSDUSDT, GBPUSDUSDT, and USDJPYUSDT perpetuals. Binance’s contract uses third-party FX prices during market hours and switches to an orderbook-based index on weekends and holidays, ensuring uninterrupted trading.
