Binance launched 24/7 foreign exchange perpetual futures on September 18, adding foreign exchange contracts to its TradFi Perpetual category. The products provide continuous access without expiration dates or contract rollovers.
The first contract, USDBRLUSDT, trades the Brazilian real against the US dollar and settles in USDT. Trading begins on September 21 at 14:00 UTC with a maximum leverage of 100x. Binance set the minimum trade size at 0.01 USDBRL and the minimum notional value at 5 USDT, with a tick size of 0.0001.
"FX is one of the world's most foundational markets," said Shunyet Jan, Binance's Head of Exchange and Trading. The exchange plans to extend price discovery beyond traditional FX trading periods.
Dual Pricing System for Weekend Trading
Foreign exchange markets typically trade around the clock on weekdays, with lower trading volume during weekends. Binance developed a dual pricing system to support 24/7 contracts across both periods.
The exchange operates in normal pricing mode from Sunday 17:00 ET to Friday 17:00 ET, with the index updated every second based on weighted average prices from third-party sources. During weekends and public holidays, Binance enters Orderbook EWMA mode, which determines pricing based on order book prices when underlying FX market liquidity decreases.
Contract Terms and Funding
Funding payments for USDBRLUSDT occur every eight hours. Binance set the maximum funding rate at 0.375% in either direction with the funding interest rate at zero. The contract supports Multi-Assets Mode, allowing traders to access FX perpetual futures through Binance Futures on its website, mobile application, and API.
Binance reserves the right to adjust leverage, margin levels, funding fees, and other contract terms when market conditions require changes. FX products now sit alongside commodities and equities within Binance's expanding TradFi Perpetual product range.
