Binance Launches Gold and Silver Options Contracts Settled in USDT

Binance has introduced European-style options contracts for gold and silver, which are settled in USDT. These contracts allow users to trade commodity options directly on Binance's platform without requiring separate apps or wallets.

The options permit retail users to buy, but not write, both call and put options. Writing is reserved for designated market makers, with a maximum loss for buyers limited to the premium paid.

The options are issued through Binance's regulated entity under the Abu Dhabi Global Market (ADGM) framework.

Binance is offering launch incentives, including 0% maker fees and a 0.02% taker fee.