核心要点
- 外汇市场连续定价机制
- 加密货币平台进军传统金融
- 获取3本免费股票电子书
9月21日,币安(Binance)推出美元/巴西雷亚尔(USD/BRL)交易的永续合约。该产品以USDT结算,并提供高达100倍的杠杆选项。市场参与者可以全天候交易,包括周末和节假日。在标准市场交易时间内,该平台将利用第三方外汇数据源。Bybit和Kraken等竞争平台也推出了类似的法币永续合约。
币安继续推进其向传统金融工具拓展的步伐,推出了与美元和巴西雷亚尔挂钩的永续期货产品。
⚡️【新品】币安正式推出7x24小时外汇永续合约,最高杠杆可达100倍。每日7.5万亿美元的外汇市场现在可供全球加密交易者全天候访问,包括周末。
首个合约为USDBRLUSDT,将于UTC时间9月21日14:00上线。详情…pic.twitter.com/TBhGPbLaH3— Coin Bureau (@coinbureau) 2026年9月19日
该加密货币平台宣布,其USDBRLUSDT永续合约将于9月21日开始运营。此产品为符合条件的参与者提供对USD/BRL货币对波动的直接敞口。
与传统外汇操作不同,币安的这款产品不间断运行。在市场活动持续进行的同时,当传统机构货币市场通常停止运营的周末和官方假日期间,交易也不会中断。
Settlement is conducted through Tether's USDT stablecoin. Participants do not need to actually hold U.S. dollars or Brazilian real to open positions.
The platform allows leverage up to 100 times. This allows market participants to manage positions worth up to a hundred times their collateral.
Perpetual futures contracts differ from standard futures in that they have no predetermined expiration date. As long as traders meet margin requirements and process the necessary funding rate payments, positions can be maintained indefinitely.
The availability of contracts depends on Binance's geographical limitations. Participants must also meet the platform's futures trading standards and account verification standards.
Continuous pricing mechanism in the foreign exchange market
Traditional foreign exchange activities operate almost continuously from Monday to Friday. Major trading venues and sources of liquidity usually stop operating on weekends.
Binance has developed a dual pricing framework that allows its USD/BRL products to operate during these closed periods.
During normal foreign exchange trading hours, the exchange stated that the reference price for the contract will be derived from data collected by a weighted selection of external market providers. This method is designed to reflect the actual USD/BRL exchange rate.
Pricing methods change when external money markets close for weekends or holidays. At this time, Binance determines the price based on transaction data in its internal order book.
The platform stated that during these intervals, it will use an exponentially weighted moving average. This approach prioritizes recent trading data while minimizing the impact of temporary fluctuations.
因此,周末估值可能主要反映传统市场关闭期间在币安进行的交易。当传统外汇活动恢复时,币安重新转向外部市场信息作为其参考定价。
币安衍生品执行主管Shunyet Jan解释说,这种框架使得在传统外汇场所营业时间之外形成价格成为可能。他指出,交易者还可以利用该合约进行货币风险对冲或投机定位。
加密货币平台进军传统金融
巴西雷亚尔的波动受巴西货币政策、政府支出决策、原材料估值以及新兴市场情绪的影响。
高杠杆放大了清算的风险。即使是轻微的价格反向波动,也可能导致重仓头寸的抵押品跌破强制维持阈值。
此次外汇报价建立在币安此前推出的基于传统证券的永续合约基础之上。今年5月,该平台推出了与甲骨文、迪士尼、优步、思科和家得宝等公司相关的产品。
竞争对手加密货币交易所也采取了类似的策略。Bybit和Kraken已经推出了与主要货币对相关的永续合约,随着平台通过加密交易基础设施多样化其传统市场工具供应,这一趋势正在加剧。
币安的USDBRLUSDT永续合约于9月21日推出,在授权司法管辖区为符合条件的参与者提供持续可用性和高达100倍的杠杆。

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