Binance Unveils 24/7 FX Perpetual Futures with Up to 100x Leverage
Binance has launched 24/7 FX Perpetual Futures with up to 100x leverage, giving traders continuous price discovery and a single venue to express macro views. The USDBRLUSDT contract will go live on September 21, settle in USDT, and offer up to 100x leverage.
The weekend system uses an exponentially weighted moving average of order book prices, rather than relying on external price feeds. This launch comes less than two weeks after Bybit introduced 24/7 perpetuals tracking EUR/USD, GBP/USD and USD/JPY, also settled in USDT and offering up to 100x leverage.
Binance's Head of Exchange and Trading, Shunyet Jan, said that 'FX is one of the world's most foundational markets, traded every moment to hedge and express macro views.' The TradFi asset-name search function on the Futures trading page in the app will be progressively rolled out to users.