Binance Launches Foreign Exchange Perpetual Contract with 100x Leverage

Binance has launched its first foreign exchange perpetual contract, USDBRLUSDT, allowing traders to gain exposure to movements in the U.S. dollar against the Brazilian real with up to 100x leverage.

The contract settles in USDT and offers continuous trading, extending Binance's TradFi lineup into a global FX market that averages $9.6 trillion per day in turnover.

During regular foreign exchange hours, the pricing mechanism uses a weighted basket of prices supplied by external data providers, but from Friday at 17:00 ET until Sunday at 17:00 ET, it switches to an Orderbook EWMA mode based on Binance's own order book.

This can create two distinct liquidity environments for the same contract, as institutional USD/BRL liquidity becomes weaker over the weekend.