Binance Launches Physically Settled US Stock Options

Binance has launched US stock options that settle in real shares, rather than cash. This product is different from traditional US brokerages, which automatically exercise in-the-money options at expiration.

The new option contracts on Binance do not automatically exercise themselves and require user instruction to exercise before the cut-off date. If a position is left without an instruction, it will be sold on a best-efforts basis before the close of trading.

This product launch marks another milestone in Binance's rapid build-out of its US stock offerings. In June, Binance opened US stock trading to non-US customers and reported $400 million in assets under management within a week and $1 billion within 30 days.