Binance Rolls Out Gold and Silver Options After Perps Draw Billions in Daily Volume

Binance said that it launched USDT-settled options on gold and silver through its TradFi product suite. The European-style contracts use XAUUSDT and XAGUSDT as underlying assets, giving traders a defined-risk route into commodity volatility without requiring them to hold the physical assets.

The products are cash-settled in USDT and offer one-day and one-week expiries. Retail users can buy calls or puts and sell existing positions to close, but cannot sell to open, while the premium paid sets the maximum loss for buyers and long positions carry no liquidation risk.

Trading follows the underlying commodity market sessions and closes during off-hours and weekends. Binance also introduced zero maker fees and a 0.020% taker fee until further notice, with access available through its web platform, app and API. The next test is whether options broaden commodity activity beyond directional perpetual trading while maintaining demand under restricted market hours.

Source: Binance.

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