Binance launches 24/7 FX perpetual futures with USDBRL pair

Binance has entered the foreign exchange market by launching 24/7 FX perpetual futures, starting with a USDBRL (US Dollar to Brazilian Real) contract settled in USDT with up to 100x leverage. The platform utilizes a dual-pricing system: tracking third-party data during standard market hours and switching to an order book volume-weighted average price (EWMA) on weekends and holidays to ensure continuous trading. This move follows similar launches by competitors like Bybit and Kraken, as crypto exchanges increasingly target the massive global FX market to provide hedging opportunities outside traditional banking hours.