Binance Unveils USD/BRL Perpetual Contract with 100x Leverage

Binance is set to debut its USD/BRL perpetual contract on Monday, offering traders up to 100x leverage.

The new contract will allow eligible traders to take positions in the US dollar and Brazilian Real without owning either currency, settling in Tether's USDT stablecoin.

Binance will use a combination of third-party market data and orderbook-based pricing during regular hours and closures respectively. The exchange will also apply its standard futures eligibility conditions and risk controls to the new contract.