Binance launches 24/7 foreign exchange perpetual futures with weekend pricing system
Binance is broadening its derivatives lineup by launching 24/7 perpetual futures in the foreign exchange market, debuting with a US dollar to Brazilian real contract. The innovative pricing system enables continuous trading through weekends and public holidays, differing from traditional FX markets that close during these periods. Binance states these products aim to extend price discovery beyond usual hours, providing traders worldwide with round-the-clock access and flexible tools for hedging or speculative positions.
New Contract and Trading Features
Binance announced the launch of the USDBRLUSDT perpetual futures contract on September 21, 2025. The contracts settle in USDT and offer up to 100x leverage. Unlike traditional FX markets that close over the weekend, Binance employs a dual-mode pricing system: during regular trading hours, pricing is based on a weighted index from third-party data providers, while weekends and public holidays utilize an orderbook-based pricing mechanism with an exponentially weighted moving average.
Binance emphasizes this approach ensures continuous price discovery and round-the-clock market access, marking a novel advancement in derivatives and FX trading.
Binance’s Objectives and Statements
Binance’s Head of Trading, Shunyet Jan, explained that the primary purpose of launching perpetual contracts is to extend price discovery beyond conventional foreign exchange trading hours. Additionally, the contracts provide traders with the ability to hedge or establish positions at any time, appealing especially to international investors.
Jan highlighted that implementing such a trading model reflects Binance’s commitment to innovation and expanding user capabilities without temporal constraints.
Crypto Exchanges Competing in FX Markets
Binance is not the first crypto exchange to offer 24/7 FX perpetual futures. Less than two weeks prior, Bybit rolled out similar products covering EUR/USD, GBP/USD, and USD/JPY contracts, also settled in USDT and featuring up to 100x leverage.
Earlier, in April 2025, Kraken launched perpetual FX futures tracking the euro, British pound, Australian dollar, Japanese yen, and Swiss franc, with leverage up to 50x. Kraken has provided spot FX trading since 2020 and reported $5.7 billion in FX spot volume in the first half of 2025.
This trend shows crypto exchanges expanding aggressively into the world’s largest financial market—the foreign exchange sector—where global OTC turnover averaged $9.6 trillion daily in April 2025, according to the Bank for International Settlements.
Why it matters
This development reflects the growing interest of crypto exchanges in integrating with traditional financial markets, particularly foreign exchange. Launching 24/7 perpetual futures enables traders to benefit from continuous liquidity and greater flexibility in managing FX positions. The novel pricing system ensures stability and accuracy during times when traditional markets are closed. It marks a significant step in bridging cryptocurrencies with traditional trading, expanding access to the enormous FX market that dwarfs all other financial sectors in volume.
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