Binance Brings 24/7 FX Perpetuals To Crypto Traders With USD/BRL

TL;DR Binance Futures has launched a 24/7 perpetual contract tied to the USD/BRL foreign-exchange rate. USD/BRL is the first pair in the new FX-perpetual product line. The product gives synthetic leveraged FX exposure through a crypto derivatives venue; it is not spot foreign-exchange settlement. Binance is moving another traditional market into the always-on crypto trading model. The exchange has launched 24/7 foreign-exchange perpetuals, beginning with a contract tied to the US dollar and Brazilian real. USD/BRL Is The First Pair The initial contract gives traders continuous synthetic exposure to the USD/BRL exchange rate using the perpetual-futures format already familiar across crypto markets. That removes the conventional weekend and overnight boundaries associated with many FX venues. For crypto-native traders, the product also means foreign-exchange exposure can sit alongside Bitcoin, Ethereum and other derivatives inside the same collateral and risk-management environment. The launch pair is USD/BRL. Binance has indicated that additional FX contracts are expected, but the September 21 rollout should not be read as the simultaneous launch of every major currency pair. Crypto...