Binance launches regulated gold, silver options through ADGM exchange

Binance will launch USDT-settled options on gold and silver through its Abu Dhabi-regulated exchange, expanding its lineup of traditional financial products alongside cryptocurrencies.The contracts will be listed through Nest Exchange Limited, Binance’s Abu Dhabi Global Market-regulated Recognized Investment Exchange (ADGM). The options allow traders to gain exposure to movements in gold and silver prices without taking delivery of the underlying metals. Retail users will only be able to buy options, while eligible institutional users and liquidity providers can also write contracts. According to Binance, restricting retail users to buying options limits downside risk to the premium paid, while eligible institutional participants can write options to collect premiums.The launch builds on Binance’s gold and silver perpetual futures, introduced in January, as the exchange expands regulated access to traditional assets through crypto-native trading products.Related: Goldman Sachs cuts year-end gold target by $500, doubting rate cutsCrypto firms expand commodity offeringsBinance’s new options add to a growing range of commodity-linked crypto products. While the exchange is offering der...