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Binance Enters $9.6 Trillion FX Market with 24/7 Perpetual Contracts

Guavy AI Editorial Team
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Binance has expanded its derivatives platform into the $9.6 trillion-a-day foreign exchange market, launching a 24/7 US dollar-Brazilian real perpetual contract offering up to 100x leverage.

The new product, set to begin trading on September 21st, will allow eligible users continuous exposure to movements between the U.S. dollar and Brazilian real without requiring them to own either currency.

The contract will settle in Tether's USDT stablecoin and support leverage of up to 100x, unlike dated futures which have a fixed expiry date.

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