Binance launches regulated gold and silver options through Abu Dhabi exchange

Binance just made it possible to trade gold and silver options on a crypto exchange, settled in stablecoins, through a fully regulated entity in Abu Dhabi. The exchange launched European-style options on gold and silver on July 29 through Nest Exchange Limited, its entity regulated under the Abu Dhabi Global Market framework. The contracts are cash-settled in USDT, meaning no one’s shipping gold bars. Traders get price exposure to precious metals using a benchmark sourced from multiple independent third-party feeds designed for traditional metals markets. From perpetual futures to options: the commodity playbook This isn’t Binance’s first foray into commodities. The exchange rolled out USDT-settled perpetual futures contracts for gold on January 5 and silver on January 7 of this year. Peak daily volumes for the gold perpetuals hit $7.77 billion. Silver wasn’t far behind at $7.27 billion. The options launch builds directly on that momentum. Shunyet Jan, Binance’s head of exchange and trading, pointed to the strong interest in commodity perpetuals as a signal that traders wanted more sophisticated instruments. Unlike American-style options, which can be exercised at any time before e...