Binance Announces 24/7 FX Perpetuals With USD/BRL Contract Set For September 21

TL;DR Binance is moving into round-the-clock FX perpetual futures. The first announced contract is USD/BRL against USDT. Trading is scheduled to begin September 21 with leverage of up to 100x. Binance is taking the crypto perpetual model into another traditionally closed market: foreign exchange. Binance Futures has announced a new line of 24/7 FX perpetual contracts, beginning with a USD/BRL product scheduled to start trading on September 21 at 14:00 UTC. The contract, listed as USDBRLUSDT, will offer leverage of up to 100x. That is a much more specific launch than some early reports suggested. For now, this is USD against the Brazilian real — not a broad rollout of EUR/USD, GBP/USD and USD/JPY contracts. FX Without The Weekend Traditional currency markets are huge, but they are still built around conventional trading hours. Crypto markets are not. Bitcoin, stablecoins and perpetual futures trade continuously, including weekends. Binance’s pitch is essentially to apply that same market structure to foreign exchange. The exchange can use derivatives pricing and external reference feeds to keep a synthetic FX market running even when conventional banking markets are closed. That cou...