Binance Expands into Foreign Exchange Perpetuals with USD/BRL Contract

Binance is expanding its crypto derivatives platform by adding foreign exchange (FX) perpetual contracts. The first contract to be listed will be the USDBRLUSDT, which offers synthetic exposure to USD/BRL without delivering either currency.

The contract will settle in USDT and provide leverage of up to 100x. Trading on the USDBRLUSDT contract is scheduled to begin on September 21st.

To keep trading around the clock, Binance will use third-party FX prices during conventional market hours and switch to an index derived from its own order book on weekends and public holidays.