Binance brought gold and silver into options trading — but retail traders can't sell them

Binance has launched gold and silver options — European-style, USDT-settled contracts issued through Nest Exchange Limited, the company's own exchange regulated by the Abu Dhabi Global Market (ADGM). Pricing is based on a weighted average from several independent third-party data vendors, CoinDesk reports.

The key restriction: retail users can only buy calls and puts, not write them — that caps maximum loss at the premium paid and eliminates liquidation risk entirely. Writing options and collecting premiums upfront is reserved for market makers and institutional participants building more advanced portfolio strategies. Trading follows the schedule of classic commodity markets — Sunday evening through Friday evening ET, with a daily one-hour break.

“We've seen strong demand for our commodity perpetuals since introducing them earlier this year, and commodity options build on that momentum”

— Shunyet Jan, Head of Exchange and Trading, Binance

• Peak daily volume on Binance's gold perpetuals reached $7.77 billion — 3-8% of COMEX volume
• Peak daily volume on silver perpetuals reached $7.27 billion — 9-20% of COMEX volume
• Binance launched its gold and silver perpetuals back in January 2026
• The company has already said it plans to expand its options lineup to other assets and explore limited retail option-writing under stricter conditions

Binance's head of exchange and trading is Shunyet Jan. The gold and silver options launch fits a broader trend of crypto markets absorbing classic assets — just days earlier, Tether Gold took a similar step, winning official commodity status in that same Abu Dhabi financial center.

Nothing here should be taken as financial advice — just information to consider.