Binance launches 24/7 FX perpetuals with weekend pricing

Binance has expanded its derivatives business into foreign exchange with the launch of 24/7 perpetual futures, beginning with a US dollarBrazilian real contract. The product is scheduled to go live on Sept. 21 and will be settled in USDT, with leverage of up to 100x. The exchange said the contracts are designed to provide continuous access to FX exposure, including weekends and public holidays when traditional currency markets are closed. During normal trading hours, prices will follow thirdparty FX data, while weekend pricing will rely on an orderbookbased system that uses an exponentially weighted moving average. Binance said the new offering is intended to support price discovery and give traders a way to hedge or take positions around the clock. The launch comes as other crypto exchanges, including Bybit and Kraken, have also added FX perpetual products in recent years.