Binance is launching a USD/BRL perpetual contract that will begin trading on Monday, September 21, 2026. The crypto exchange will operate the FX market 24 hours a day, seven days a week with no holiday breaks. The contract, under the ticker USDBRLUSDT, is settled purely in USDT stablecoins and offers users up to 100x leverage.
The traditional global foreign exchange, or FX, market averages $9.6 trillion in daily turnover, according to April 2025 Bank for International Settlements (BIS) data. The rollout of this FX contract continues Binance’s expansion into traditional financial instruments, or TradFi. Prior to offering fiat currency pairs, the exchange platform had already introduced tokenized stock trading services.
How Pricing Works When Banks Are Closed
A fundamental difference between crypto and conventional financial systems lies in their operating hours. To navigate FX markets closing on Saturdays and Sundays, Binance is implementing a dual-mode pricing system. While traditional FX markets operate from Monday to Friday, the price index references datasets supplied by third-party providers.
Once weekends or public holidays arrive, the pricing mechanism switches completely. The system directly references Binance’s internal order book. Price calculations during holidays are processed using an exponentially weighted moving average method.
Binance Head of Trading Shunyet Jan said the new contract design is aimed at broadening price discovery, allowing trading activity to continue beyond the standard operating hours of traditional FX exchanges.
Following Early Movers
This rollout puts Binance in direct competition with other crypto exchanges that made earlier inroads into traditional assets. Two weeks prior, Bybit officially launched 24/7 FX perpetual contracts covering three major currency pairs: EUR/USD, GBP/USD, and USD/JPY.
Kraken boasts a longer track record, having launched FX perpetual markets in April 2025. It offers leverage up to 50x and recorded $5.7 billion in spot FX trading volume during the first half of 2025.
For retail market participants, this flurry of features from crypto exchanges is reshaping fiat currency trading routines. Those previously tied to conventional banking schedules now have access to a round-the-clock FX market, paired with the high-risk appeal of triple-digit leverage.
Reported by crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
