Binance Unveils 24/7 FX Perpetuals with Weekend Pricing Solution

Binance has launched its first foreign exchange perpetual futures contract, allowing users to trade currencies 24/7. The initial product, USDBRLUSDT, tracks the US dollar against the Brazilian real and settles entirely in USDT. It goes live on September 21 with up to 100x leverage, funding every eight hours with a cap of plus or minus 0.375%, and never expires.

The contract uses a dual-mode pricing system to handle weekends and public holidays. During standard FX trading hours, it relies on a second-by-second weighted-average index from third-party data vendors. When those feeds go quiet, the system switches to an orderbook-based exponentially weighted moving average (EWMA), which Binance claims delivers an effectiveness multiplier of 2.6 to 3.8 times compared to competitor approaches.

This isn't a pioneering move for Binance; other exchanges like Bybit and Kraken have already launched similar products. However, the USDT settlement layer adds another dimension to traditional forex trading, allowing users to operate entirely within the stablecoin ecosystem. This also means that traders can share collateral pools across different contract types using multi-asset mode.