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Forex

Binance Launches USD/BRL Perpetual Contract with 100x Leverage

Guavy AI Editorial Team
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EUR USD JPY GBP
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Binance has announced that it will be launching a new USD/BRL perpetual contract on Monday, offering traders up to 100x leverage.

The contract will allow eligible traders to take currency positions without owning either currency and settle in Tether's USDT stablecoin.

Binance will use a unique pricing mechanism during weekends and holiday FX market closures, switching from third-party market data to orderbook-based pricing.

This move follows similar launches by Bybit and Kraken, which offer up to 100x leverage on EUR/USD, GBP/USD, and USD/JPY perpetual contracts.

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