Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

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

Source Newsbtc

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 could be attractive to traders who already live inside 24/7 crypto markets.

It also introduces the obvious risks.

A synthetic weekend FX market may drift away from the price that eventually reopens in conventional markets, particularly around major political, economic or central-bank events.

At 100x maximum leverage, small pricing differences can become very large account-level consequences.

Another Line Between Crypto And TradFi Blurs

This is part of a bigger pattern.

Crypto exchanges increasingly trade products that have little to do with crypto itself.

Tokenized stocks, gold, commodities, prediction markets and now FX derivatives are all moving onto infrastructure originally built around digital assets.

That means the boundary between a crypto exchange and a general-purpose global trading venue keeps getting harder to define.

Binance’s first contract is relatively narrow.

But if the USD/BRL product attracts volume, it would be surprising if the exchange stopped there.

Source: Binance Futures announcement. https://www.binance.com/en/support/announcement/binance-futures-launches-247-fx-perpetual-contracts-20260918

This article was written by the News Desk and edited by Samuel Rae.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin falls below $75,000 as the CLARITY Act fails in the Senate — what the vote means for crypto The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Author Suzie

Sep 16, Wed

The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Dollar index tops 100 for the first time since July as the Fed's hawkish dot plot sinks in The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Author Irene Q.

Sep 17, Thu

The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.

Gold rebounds to near $4,350 on weaker US Dollar, falling oil prices Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. The precious metal rebounds from a six-week low amid falling oil prices and a weaker US Dollar (USD). Traders continue to assess the latest Federal Reserve (Fed) rate hike and policy cues.

Author FXStreet

Sep 18, Fri

Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. The precious metal rebounds from a six-week low amid falling oil prices and a weaker US Dollar (USD). Traders continue to assess the latest Federal Reserve (Fed) rate hike and policy cues.

Gold ends three-week slide at the $4,400 line — eight straight days of ETF inflows vs a 5% 10-year and a 100 dollar Spot gold closed Friday at $4,378.39, up 0.84% on the day and about 0.8% for the week — its first weekly gain in four weeks — with the intraday high of $4,399.67 leaving it 33 cents shy of the $4,400 line. Gold ETFs have now logged eight straight sessions of inflows, but with the 10-year back above 5% and the dollar index near 100, here is what decides whether this is a reversal or a bounce.

Author Suzie

19 hours ago

Spot gold closed Friday at $4,378.39, up 0.84% on the day and about 0.8% for the week — its first weekly gain in four weeks — with the intraday high of $4,399.67 leaving it 33 cents shy of the $4,400 line. Gold ETFs have now logged eight straight sessions of inflows, but with the 10-year back above 5% and the dollar index near 100, here is what decides whether this is a reversal or a bounce.

Bitcoin squeezes back above $80,000 — 110,000 traders liquidated as the hawkish Fed and CLARITY setback fail to hold it down; is $83,000 next?Bitcoin closed above $80,000 on Friday for the first time since September 7, and pushed to $81,299 over the weekend, triggering about $603 million of liquidations — $523 million of them shorts — across more than 110,000 traders. With the Fed's hike already priced and the SEC and CFTC advancing crypto rules after the CLARITY Act failed, here is what stands between BTC and the $83,000 gate.

Author Suzie

18 hours ago

Bitcoin closed above $80,000 on Friday for the first time since September 7, and pushed to $81,299 over the weekend, triggering about $603 million of liquidations — $523 million of them shorts — across more than 110,000 traders. With the Fed's hike already priced and the SEC and CFTC advancing crypto rules after the CLARITY Act failed, here is what stands between BTC and the $83,000 gate.

Popular Symbols