USD/BRL surged as markets repriced Brazil’s macro risk, with the FX rate reaching its highest since December 2025. @Binance’s 24/7 USD/BRL perpetual closed at 5.380 on Oct 26, with trading volume reaching 114× its prior 34-day median.

Approximately $2.4bn notional of our BRL futures have already traded today following the Brazilian election overnight, a new record for APAC hours. Our futures are fast becoming the main venue globally for price discovery and risk management in the Brazilian Real outside of onshore hours. Liquidity that matters, when it matters most.