CoinMeta Data: Binance is expanding its derivatives product line by launching 24/7 foreign exchange perpetual contracts. The first contract is US dollar-Brazilian real ( USDBRL ) and will go live on September 21st. Unlike traditional foreign exchange markets, Binance's contracts will adopt a dual-mode pricing system, using an order book-based pricing mechanism on weekends and public holidays. These contracts will be settled in USDT and offer leverage of up to 100 times. Binance, the head of trading at Shunyet Jan, stated that these contracts are designed to extend price discovery time, allowing traders to hedge or hold positions around the clock.