TREE NEWS update: Binance will list a USD/BRL USDT-margined perpetual contract on September 21, offering up to 100x leverage and 24/7 trading. During regular forex hours the contract tracks a third-party data provider’s weighted index; on weekends and public holidays it uses an order-book-based index weighted moving average pricing mechanism instead of external price sources. Bybit previously launched 24/7 perpetuals for the euro, pound and yen against the dollar.
Binance to List 24/7 USD/BRL USDT Perpetual With 100x Leverage
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AI take
Binance's move extends the 24/7 perpetual model from G10 currencies to an emerging-market pair, and the dual-index design is the real story: a third-party benchmark during forex hours, an order-book-based fallback when spot markets are closed. That fallback is where slippage and liquidation risk concentrate, since it prices off the venue's own book rather than an external reference. Whether liquidity deepens enough to keep weekend pricing tethered to the underlying rate, and whether other venues follow Bybit and Binance into EM pairs, is the open question.
Generated by AI for reference only.
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