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Forex

Binance Unveils Weekend FX Trading with Up to 100x Leverage

Guavy AI Editorial Team
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USD
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Binance is set to introduce its first foreign-exchange perpetual futures product, allowing users to trade on weekends and holidays.

The new contract, USDBRLUSDT, will track the exchange rate between the U.S. dollar and the Brazilian real, with margin posted and profit/loss settled in Tether's USDT.

Binance plans to manage risk through multiple pricing sources, a market average pricing mechanism, and limits on price deviations.

The contract offers up to 100x leverage and will use an index-weighted moving average of bid and ask prices to determine prices on weekends and holidays.

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