Binance is expanding its derivatives offering in foreign currencies with the launch of 24/7 perpetual futures, starting Monday with a US dollar-Brazilian real contract.
Unlike traditional FX markets, which are closed on 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, while weekends and public holidays will use an orderbook-based pricing system.
The USDBRLUSDT contract will go live on September 21, settle in USDT and offer up to 100x leverage, as of Friday. announcement. Binance said the weekend system uses an exponentially weighted moving average of orderbook prices rather than relying on external price feeds.
Shunyet Jan, head of trading at Binance, said the deal aims to extend price discovery beyond traditional FX trading hours, giving traders a place to hedge or take positions around the clock.
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Crypto exchanges expand into foreign currencies
The launch comes less than two weeks after Bybit launched EUR/USD, GBP/USD and USD/JPY tracking 24/7 perpetual, also settled in USDT and offering up to 100x leverage.
Other crypto exchanges have entered the market earlier. the kraken on FX perpetual tracking Euro, British Pound, Australian Dollar, Japanese Yen and Swiss Franc until April 2025 with leverage up to 50x. The exchange had offered spot FX trading since 2020 and reported $5.7 billion in FX spot volume in the first half of 2025.
The products give crypto traders exposure to currency movements without owning the underlying currency, tapping into a market that conducts more trades than any other financial market. Global OTC FX turnover averaged $9.6 trillion per day in April 2025, Report From the Bank for International Settlements.
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