
Binance launches perpetual FX futures with up to 100x leverage
- —The first contract is USDBRLUSDT, settled in USDT, with up to 100x leverage
- —Trading runs 24/7, including weekends, unlike traditional forex
- —Bybit launched similar contracts on EUR/USD, GBP/USD and USD/JPY
- —Kraken has offered perpetual FX contracts with up to 50x leverage since April 2025
Why it matters: Crypto exchanges are expanding derivatives into traditional currency pairs, intensifying competition with forex brokers for round-the-clock trading.
Source: Cryptocurrency.tech