Binance has announced the launch of 24/7 foreign exchange perpetual futures contracts. The first contract will be USD/BRL quoted against USDT, with leverage of up to 100x. Trading is scheduled to begin on September 21 at 14:00 UTC. This initiative aims to apply the successful crypto perpetual model to foreign exchange markets, allowing continuous trading even when traditional banking markets are closed. However, it exposes traders to risks linked to pricing gaps that may occur during periods when conventional markets are shut down.
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