Binance Expands Beyond Crypto with Physically Settled Stock Options
Binance has expanded its offerings to include physically settled options on over 1,000 U.S.-listed stocks and exchange-traded funds. However, this new service will not be available to users in the United States.
The options will be offered through Nest Trading Limited, Binance's broker-dealer regulated by the Abu Dhabi Global Market. Orders will be routed to U.S.-registered Alpaca Securities for execution, clearing, settlement, and custody.
Eligible retail customers can initially buy calls and puts, with the maximum potential loss limited to the premium paid for the contract. Binance expects to add more stock options over time.
This move builds on a rapid expansion of Binance's traditional finance products. In June, the exchange introduced access to more than 7,000 U.S.-listed stocks and ETFs for eligible customers outside the United States.