Binance Launches 24/7 Forex Perpetual Futures with Up to 100x Leverage

Binance, a global digital asset exchange, has launched perpetual futures products based on the foreign exchange market. The first product tracks the exchange rate between the US dollar and Brazilian real, supporting up to 100x leverage. Binance announced on May 18 (local time) that it has added forex products to its TradFi Perpetual product line. Trading is available 24 hours a day without interruption, unlike standard futures contracts which have expiration dates and require rolling over to new contracts before maturity.