Overview
- Binance launched European-style options on gold and silver through Nest Exchange Limited, its Abu Dhabi Global Market–regulated venue, with the contracts settled in USDT and made available on July 29, 2026.
- Retail users may buy call and put options but are barred from writing (selling) options, and writing is limited to the exchange and designated market makers to cap retail losses to the premium paid.
- Each contract settles to a weighted average benchmark drawn from multiple independent third‑party price feeds and uses cash settlement in USDT to avoid any physical delivery of metal.
- The options follow Binance’s January roll-out of USDT-settled gold and silver perpetual futures, which reached peak daily volumes of about $7.77 billion for gold and $7.27 billion for silver and were used to build liquidity before adding options.
- Binance says it will expand the options suite and may consider limited retail writing under tighter rules, a step that could widen retail access to metals in crypto markets and affect liquidity dynamics with traditional venues like COMEX.