Binance Enters 24/7 Forex with USDBRLUSDT Perpetual Futures

Binance is expanding its derivatives offering into foreign exchange with the launch of 24/7 perpetual futures. The first contract, USDBRLUSDT, will go live on September 21 and settle in $USDT. This new product allows traders to hedge or take positions around the clock.

Unlike traditional FX markets, which close for weekends, Binance's contracts will trade continuously using a dual-mode pricing system. During regular FX trading hours, prices will track a weighted index from third-party data providers. On weekends and public holidays, an orderbook-based pricing mechanism will be used.

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