Binance launches USDT-settled Commodity Options for Gold and Silver

Binance has introduced Commodity Options, offering USDT-settled, European-style contracts for gold and silver through its options infrastructure. The product is part of Binance’s broader TradFi expansion, allowing traders to express market direction, trade volatility, and hedge exposure from a single account. Contracts are cash-settled in USDT, with no underlying asset required; buyers’ maximum loss is limited to the premium paid, and long positions carry no liquidation risk. The underlyings are XAUUSDT and XAGUSDT, accessible via the Binance App and API. European-style exercise applies at expiry only, with 1-day and 1-week tenors per underlying, and retail users are restricted to long-only activity (buy to open, sell to close). Trading hours follow the underlying market sessions: gold and silver options are open Sunday 6:00 PM ET to Friday 5:00 PM ET, with a daily closure from 5:00 PM ET to 6:00 PM ET.