Binance Launches Perpetual Futures for Fiat Currencies Starting with USDBRL

Binance (币安) is expanding its derivatives offerings by entering the foreign exchange market with the launch of 24/7 perpetual futures. The first contract, USDBRL, is set to begin trading on September 21. These contracts are settled in USDT and offer up to 100x leverage. The platform utilizes a dual-mode pricing system that tracks third-party weighted indices during standard market hours and switches to an order-book-based mechanism during weekends and holidays to ensure continuous price discovery.