Binance Brings Precious Metals Options to Crypto Platform

Binance has added US dollar-denominated precious metals options to its commodity product suite.

The exchange announced that new options contracts enable users to trade gold and silver with 'the same speed and simplicity as crypto options.'

This move follows the introduction of regular trading sessions for underlying assets, XAUUSDT and XAGUSDT, which will now operate from Sunday at 6:00 PM to Friday 5:00 PM ET.

Binance emphasized that the demand for gold and silver was already high, with Gold Perpetuals reaching $7.77 billion in peak daily volume on the exchange and Silver hitting $7.27 billion.