On Monday, September 21, 2026, at 14:00 UTC, Binance launches a perpetual future on a currency pair: USDBRLUSDT, the US dollar against the Brazilian real, settled in USDT and with leverage of up to 100. The answer to the question of whether you may and should trade this product as a retail investor in Germany is shorter than the announcement itself. The leverage sits far above what BaFin permits retail clients in comparable currency products, and the crypto regulation MiCA does not apply here in the first place.