BNB Price Dips After Binance Expands into Gold and Silver Options Trading

Binance Coin (BNB) price dipped by about 3% to $577.93 in response to Binance expanding its product lineup beyond cryptocurrencies.

The company has launched USDT-settled options trading for gold and silver through its regulated exchange in Abu Dhabi, Nest Exchange Limited.

Retail users can only buy options, limiting downside risk to the premium already paid; qualified institutional users and liquidity providers can simultaneously sell options to collect premiums.

The launch builds on Binance’s perpetual futures for gold and silver introduced in January, further expanding its regulated traditional asset trading offerings.