Binance launches 24/7 FX perps with weekend pricing system
Binance is joining a growing number of crypto exchanges offering around-the-clock exposure to foreign exchange markets through perpetual futures.
Binance is joining a growing number of crypto exchanges offering around-the-clock exposure to foreign exchange markets through perpetual futures.
Binance is expanding its derivatives offering into foreign exchange with the launch of 24/7 perpetual futures, starting with a US dollar-Brazilian real contract on Monday.
Unlike traditional FX markets, which close for the weekend, 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 mechanism.
Binance trading head Shunyet Jan said the contracts are intended to extend price discovery beyond traditional FX trading hours, while giving traders a venue to hedge or take positions around the clock.