Binance introduces continuous FX perpetual futures with novel weekend pricing mechanism
The cryptocurrency exchange is entering the expanding market of perpetual futures contracts that provide continuous access to foreign exchange trading, joining several competitors in this space.
The world's leading cryptocurrency exchange Binance is broadening its derivatives portfolio to include foreign exchange markets through the introduction of perpetual futures contracts available 24 hours a day, seven days a week, with its inaugural product being a US dollar-Brazilian real pairing launching on Monday.
The platform's contracts will operate continuously without weekend closures, distinguishing them from conventional FX markets through an innovative two-tiered pricing approach. When traditional foreign exchange markets are operating, contract prices will follow a weighted index compiled from third-party data sources, but during weekends and public holidays, the system will transition to pricing based on orderbook data.
Set to debut on Sept. 21, the USDBRLUSDT perpetual contract will be denominated in USDT and provide traders with leverage capabilities reaching 100x, the exchange revealed in an announcement released on Friday. The platform explained that its weekend pricing methodology employs an exponentially weighted moving average derived from orderbook prices instead of depending on external pricing sources.
According to Shunyet Jan, Binance's trading head, these new contracts are designed to expand price discovery capabilities beyond the hours when traditional FX markets operate, simultaneously providing traders with continuous access to a platform where they can establish hedging positions or speculative trades at any time.
Crypto exchanges expand into foreign exchange
This product introduction follows less than two weeks after competitor Bybit rolled out perpetual contracts operating 24/7 for EUR/USD, GBP/USD and USD/JPY currency pairs, which are similarly denominated in USDT and feature leverage options up to 100x.
Several other cryptocurrency trading platforms have already made their entrance into this market segment. In April 2025, Kraken debuted FX perpetual futures for multiple currency pairs including the euro, British pound, Australian dollar, Japanese yen and Swiss franc, making available leverage of up to 50x. Kraken's FX trading capabilities date back to 2020 when it first introduced spot FX trading, and the exchange disclosed that it processed $5.7 billion in FX spot trading volume during the initial months of 2025.
These financial instruments enable cryptocurrency traders to gain exposure to fluctuations in currency exchange rates without the necessity of holding the actual underlying currencies, effectively accessing a market segment that processes greater trading volumes than any other category in global finance. According to data published in a Bank for International Settlements report, daily average turnover in global over-the-counter FX markets reached $9.6 trillion in April 2025.