Binance adds options on 1,000+ US stocks and ETFs

Binance is adding physically settled options on more than 1,000 US stocks and ETFs, extending its push into traditional finance products, The Block reports.

• Options are offered through Nest Trading Limited, regulated by the Abu Dhabi Global Market, which routes orders to US-registered Alpaca Securities for execution and custody
• Users who exercise an option receive or deliver the actual underlying shares, not a synthetic or cash-settled equivalent
• Retail users can buy calls and puts, with losses capped at the premium paid; the product isn't available to US users
• The launch follows a June 2026 rollout of trading on more than 7,000 US-listed stocks and ETFs, alongside Binance's existing bStocks tokenized securities and equity-linked perpetual futures

Stock options are an important next step in Binance's evolution into a fuller multi-asset platform.

The options launch lands as Binance's broader TradFi perpetuals business has scaled sharply. Monthly volume on those products hit $433.4 billion in August, up from $29.5 billion in January, roughly a 15x increase in eight months. That growth has cemented Binance's lead in the stock-perpetual futures market. Equity-linked perpetuals alone accounted for $342.9 billion of that August volume, or 79% of the total, versus just $410.9 million in January.

The push into options follows Binance's own entry into gold and silver options trading in July, another product where retail access came with its own structural restrictions. Competition is picking up too: Bybit plans to launch 24/7 options on stock perpetuals on September 17, starting with SpaceX and Nvidia and settling in USDT.

The structure matters because it's the opposite of how most of Binance's other stock-adjacent products work. bStocks and equity-linked perpetuals track a share's price without ever touching the underlying security, settling entirely in crypto or stablecoins. These options don't: a call bought on the platform gives the holder the right to actually buy the underlying shares at a set price, and exercising it triggers a real transfer of stock through Alpaca's regulated US brokerage infrastructure, not a synthetic payout calculated off a price feed.

Physical settlement is the detail that separates this from Binance's existing stock perpetuals and bStocks: instead of tracking a price synthetically, exercising an option here moves real shares through Alpaca's US brokerage rails. It also means Binance is leaning further on a regulated US partner for a product it can't legally offer to US customers directly. Whether that structure holds up at scale, without ever letting Americans trade it themselves, is the open question.

This article is for informational purposes only and does not constitute investment advice.