Binance Launches USD/BRL Perpetual Contract with 100x Leverage

Binance is set to launch its USD/BRL perpetual contract on Monday, offering up to 100x leverage. This new product will allow traders to take positions on the movements between the US dollar and Brazilian Real without owning either currency.

The contract, which settles in Tether's USDT stablecoin, will be available through Binance Perpetuals and has no fixed expiration date. Traders can keep their positions open while meeting margin requirements and paying or receiving applicable funding charges.

Binance will use a combination of third-party market data during regular hours and orderbook-based pricing during closures to determine contract prices. This approach aims to extend price discovery beyond conventional institutional foreign exchange hours, which generally run from Monday through Friday.