Binance Launches 24/7 FX Perpetual Futures with Weekend Pricing System

Binance has expanded its derivatives offering into foreign exchange by launching 24/7 perpetual futures, starting with a US dollar-Brazilian real contract on September 21. Unlike traditional FX markets, which close for weekends, Binance's contracts will trade continuously using a dual-mode pricing system.

The USDBRLUSDT contract will be settled in $USDT and offer up to 100x leverage. During regular FX trading hours, prices will track a weighted index from third-party data providers, while weekends and public holidays will use an orderbook-based pricing mechanism.

This system uses an exponentially weighted moving average of orderbook prices, rather than relying on external price feeds. Binance's trading head Shunyet Jan said the contracts are intended to extend price discovery beyond traditional FX trading hours, giving traders a venue to hedge or take positions around the clock.