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BitGo CEO Mike Belshe: Why Dollar Debasement Fuels the K-Shaped Economy

Bitcoin Magazine BitGo CEO Mike Belshe: Why Dollar Debasement Fuels the K-Shaped Economy BitGo CEO Mike Belshe breaks down why tokenization is about expanding access, fixing a settlement system built during Wall Street’s 1960s paper crisis. This post BitGo CEO Mike Belshe: Why Dollar Debasement Fuels the K-Shaped Economy first appeared on Bitcoin Magazine and is written by Patrick Green .

Bitcoin MagazineBitcoin Magazine•Patrick Green10h ago
  • neutral toward BitGo · 90%

Binance Brings 24/7 FX Perpetuals To Crypto Traders With USD/BRL

TL;DR Binance Futures has launched a 24/7 perpetual contract tied to the USD/BRL foreign-exchange rate. USD/BRL is the first pair in the new FX-perpetual product line. The product gives synthetic leveraged FX exposure through a crypto derivatives venue; it is not spot foreign-exchange settlement. Binance is moving another traditional market into the always-on crypto trading model. The exchange has launched 24/7 foreign-exchange perpetuals, beginning with a contract tied to the US dollar and Brazilian real. USD/BRL Is The First Pair The initial contract gives traders continuous synthetic exposure to the USD/BRL exchange rate using the perpetual-futures format already familiar across crypto markets. That removes the conventional weekend and overnight boundaries associated with many FX venues. For crypto-native traders, the product also means foreign-exchange exposure can sit alongside Bitcoin, Ethereum and other derivatives inside the same collateral and risk-management environment. The launch pair is USD/BRL. Binance has indicated that additional FX contracts are expected, but the September 21 rollout should not be read as the simultaneous launch of every major currency pair. Crypto Exchanges Keep Expanding Into TradFi Markets The broader trend is becoming difficult to miss. Major crypto derivatives venues are no longer limiting themselves to crypto assets. Equity-linked perpetuals, pre-IPO contracts and now foreign-exchange products are increasingly being offered through the same 24/7 infrastructure. That creates a different trading experience from the underlying markets. A perpetual contract provides price exposure, but it does not mean the trader is receiving or delivering physical currency. The USD/BRL launch is therefore less about Binance becoming a conventional FX bank and more about crypto-style derivatives becoming a wrapper for a wider range of financial prices. This article was written by the News Desk and edited by Samuel Rae.

NewsBTCNewsBTC•NewsBTC Editorial Team11h ago
  • neutral toward Binance · 98%