
Binance launched 1-day and 1-week gold and silver options, cash-settled in USDT. The ADGM-regulated contracts give retail users a fixed ceiling on losses.
Binance launched gold and silver options with 1-day and 1-week expiry on July 29. The contracts settle in USDT. Buyers can position for higher or lower prices through calls and puts. They cannot sell options to open. The maximum loss is the premium paid. Long positions carry no liquidation risk.
The contracts are European-style and listed as XAUUSDT and XAGUSDT. The options trade under ADGM rules. Binance said the contracts operate on Nest Exchange Limited and clear through Nest Clearing and Custody Limited, both regulated by the FSRA. The FSRA register for Nest Trading, active since Jan. 5, 2026, shows a prohibition on holding or controlling client money. That structure gives users a regulated route into commodity-linked derivatives without the exchange acting as custodian of their funds.
The launch extends a commodity push that started in January with gold and silver perpetuals. Those contracts gave traders continuous, leveraged exposure. Commodity perpetuals reached $25 billion in weekly volume across gold and silver markets, Bitmex Research data show. The new options add fixed expirations and a ceiling on losses. The structure targets retail users who want defined risk over a specific timeframe rather than open-ended leveraged positions.
An analysis of how crypto RWA perpetuals challenge traditional markets found that digital-asset venues captured a growing share of derivatives activity. They combined stablecoin settlement with familiar crypto trading interfaces. Binance's options launch, the analysis notes, extends that contest into a product long associated with sophisticated hedging and volatility trading.
Binance is promoting the launch with zero maker fees and a 0.02% taker fee. About 10 strikes are expected for each daily expiration and roughly 12 for weekly contracts. Trading follows the underlying metals' market hours. Orders stop matching during daily breaks and weekends. Crypto platforms have often marketed 24/7 access as their advantage over conventional exchanges. Research on weekend demand for commodity perpetuals found that off-hours trading reflects genuine demand. Binance's new options match traditional market hours.
One-day contracts can lose value quickly. Buyers may forfeit their full premium when a trade finishes outside the strike. The short time to expiry means the contracts lose value quickly as settlement approaches. Traders accustomed to perpetuals face a different risk calculus. Availability varies by jurisdiction, leaving some Binance customers unable to access the products.
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