Binance is now trading foreign exchange 24/7, with weekend pricing built in. The exchange launched its first 24/7 perpetual futures contract on Monday, tracking the US dollar against the Brazilian real. Unlike traditional FX markets, which shut down for the weekend, Binance’s contracts keep trading using a dual-mode pricing system.
How the Pricing Switches
During regular FX trading hours, Binance prices track a weighted index from third-party data providers. Weekends and public holidays switch to an orderbook-based system instead, using an exponentially weighted moving average of orderbook prices rather than relying on external feeds. The USDBRLUSDT contract settles in USDT and offers up to 100x leverage.
Binance trading head Shunyet Jan said the contracts are meant to extend price discovery beyond traditional trading hours, giving traders a place to hedge or take positions around the clock.
The Broader Push Into Forex
Binance is not alone in this move. Less than two weeks ago, Bybit introduced 24/7 perpetuals tracking EUR/USD, GBP/USD and USD/JPY, also settled in USDT with up to 100x leverage. Kraken went further back, launching FX perpetuals tracking the euro, British pound, Australian dollar, Japanese yen and Swiss franc in April 2025, with up to 50x leverage. Kraken had offered spot FX trading since 2020 and reported $5.7 billion in FX spot volume in the first part of 2025.
The products let crypto traders expose themselves to currency moves without owning the underlying currencies. That taps into a market that handles more trading than any other financial market. Global OTC FX turnover averaged $9.6 trillion a day in April 2025, according to a report from the Bank for International Settlements.
Weekend Pricing and What It Means
The weekend system is the key difference from traditional FX trading. Instead of shutting down, Binance’s contracts use an orderbook-based pricing mechanism during weekends and public holidays. Traders holding positions over weekends will be exposed to that system.
Binance has not made public statements about how closely the weekend prices track the broader market, and the gap between the two systems is a question traders may want to ask before holding positions across the weekend.
What the Launch Means
Binance’s move is a natural extension of the crypto derivatives business. Foreign exchange is the largest market in the world, and crypto exchanges have spent years building tools that let traders use it without leaving their wallets. The 24/7 format removes the single biggest complaint about trading FX online: that the market shuts down when you want to trade.
Whether traders actually use it remains to be seen. The contract is live, the leverage is high, and the weekend pricing is new.
Key Facts
- USDBRLUSDT contract settles in USDT, offers up to 100x leverage
- Launch date: Sept. 21
- Weekend pricing uses an exponentially weighted moving average of orderbook prices
- Shunyet Jan: contracts extend price discovery beyond regular trading hours
The launch is part of a wider trend. Crypto exchanges are treating foreign exchange as a product, not a curiosity. The infrastructure is ready, and the volume is there.
Source material: “Binance launches 24/7 FX perps with weekend pricing system,” Cointelegraph.
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