Binance has introduced European options tied to gold and silver through Nest Exchange, its venue regulated by Abu Dhabi Global Market (ADGM), according to BlockBeats. The contracts are settled in USDT. The launch follows strong trading activity in Binance’s gold and silver perpetual contracts, where peak daily volumes reached $7.77 billion and $7.27 billion, respectively. The new options products allow retail users to buy both call and put options, but retail participants are not permitted to sell options. On the sell side, access is limited to the exchange and designated market makers. The rollout adds to Binance’s precious-metals-linked derivatives lineup while keeping tighter control over who can write options contracts.
Binance has launched European options on gold and silver through Nest Exchange, its platform regulated by Abu Dhabi Global Market (ADGM), according to BlockBeats. The contracts are settled in USDT.
The move comes after strong demand for Binance’s gold and silver perpetual contracts. Peak daily trading volume reached $7.77 billion for gold and $7.27 billion for silver.
The new options products let retail users buy call and put options, but they cannot sell options. Sellers are limited to the exchange and designated market makers.
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