Binance launches 24/7 USD/BRL perpetual futures with up to 100x leverage

Binance announced the launch of a USDT‑settled perpetual futures contract that tracks the USD/BRL exchange rate. Trading begins on September 21 and will run continuously, including weekends and public holidays.

Key product features

• Contract: USDBRLUSDT perpetual futures
• Settlement: Tether (USDT)
• Leverage: up to 100×
• Trading hours: 24/7, with a dual pricing mechanism for weekends and holidays
• Eligibility: subject to regional restrictions and standard Binance futures risk controls

Dual pricing system

During regular FX market hours, the contract’s index price is derived from a weighted group of third‑party market data providers. When institutional FX markets close for weekends or holidays, Binance switches to an internally calculated price based on an exponentially weighted moving average of its own order‑book data.

Comparison with competitors

Bybit and Kraken have already introduced 24/7 FX perpetual contracts on major currency pairs. Bybit offers up to 100× leverage on EUR/USD, GBP/USD and USD/JPY contracts, while Kraken provides up to 50× leverage on several major currencies.

Regulatory considerations

The product is not available to U.S. residents, as Binance.com does not serve U.S. users and Binance.US offers a different futures lineup. Binance advises users to review local regulations before trading.

Broader context

The launch follows Binance’s earlier expansion into traditional‑asset perpetuals linked to equities and commodities, as well as on‑chain perpetuals powered by the Aster venue. The global foreign‑exchange market averages $9.6 trillion in daily turnover, making it the largest financial market by volume.