New commodity options let traders gain exposure to gold and silver prices through Binance’s Abu Dhabi-regulated exchange.
Binance will launch USDT-settled options on gold and silver through its Abu Dhabi-regulated exchange, expanding its lineup of traditional financial products alongside cryptocurrencies.
The contracts will be listed through Nest Exchange Limited, Binance’s Abu Dhabi Global Market-regulated Recognized Investment Exchange (ADGM). The options allow traders to gain exposure to movements in gold and silver prices without taking delivery of the underlying metals.&
Retail users will only be able to buy options, while eligible institutional users and liquidity providers can also write contracts. According to Binance, restricting retail users to buying options limits downside risk to the premium paid, while eligible institutional participants can write options to collect premiums.
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