Binance to offer gold and silver options settled in USDT
Contracts launched through ADGM-regulated Nest Exchange on July 29, extending Binance’s commodity derivatives lineup after strong gold and silver perpetual futures volumes.
Binance rolled out European-style, USDT-settled options on gold and silver on July 29 through Nest Exchange Limited, its Abu Dhabi Global Market-regulated exchange entity, expanding its commodity derivatives lineup beyond perpetual futures. The launch builds on gold and silver perpetuals introduced in January 2026, which Binance said reached peak daily volumes of $7.77 billion for gold and $7.27 billion for silver, equivalent to 3%-8% of COMEX gold volume and 9%-20% of COMEX silver volume at those peaks. Retail users can buy call and put options but cannot write contracts, with options writing restricted to designated market makers to limit liquidation risk for non-professional traders. Binance said the contracts settle in Tether and use pricing based on a weighted average from multiple independent third-party data vendors tracking traditional bullion markets. The exchange said rising demand for commodity exposure and inflation hedges helped drive the launch, and that it plans to add options on other underlying assets while exploring whether tightly regulated retail options writing could be introduced later.
- European-style: An options structure that allows the contract to be exercised only at expiration, not before.
- USDT-settled options: Options contracts whose gains and losses are paid in USDT instead of requiring delivery of the underlying asset.
- perpetual futures: Derivatives contracts that track an asset's price without a fixed expiration date.