Binance Lists Gold and Silver Commodity Options, Supporting USDT Trading Settlement

TechFlow news, July 29: Binance has launched commodity options, which are European-style cash-settled contracts settled in USDT. Traders can trade gold (XAUUSDT) and silver (XAGUSDT) options, with each underlying offering two expiration structures: 1-day and 1-week. Retail users can only go long. The relevant options went live on July 29 at 18:00. The relevant products are traded on Nest Exchange Limited, which is regulated by the Abu Dhabi FSRA, and cleared by Nest Clearing and Custody Limited.