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Binance Upgrades Options Platform with ETH Short Selling Capability

Binance’s latest upgrade allows all users to sell ETH options, with improved API performance, broader strike ranges, and advanced market data tools enhancing trading flexibility.

ETH
BNB
SOL

Summary

According to Binance’s official announcement, the exchange has completed an upgrade to its options trading platform, enabling all users to sell Ethereum (ETH) options. The update enhances API throughput, expands available strike price ranges, and integrates advanced market data tools. Selling options for Binance Coin (BNB), Ripple (XRP), Solana (SOL), and Dogecoin (DOGE) remains restricted to select users.

Terms & Concepts
  • ETH options: Ethereum-based derivative contracts giving the right, but not obligation, to buy or sell ETH at a specified price before a set date.
  • API throughput: The amount of data or number of requests a system’s API can process in a given period.
  • Strike price: The set price at which an options contract can be exercised, either for buying or selling the underlying asset.