Binance has rolled out gold and silver options settled in USDT, enabling users to trade contracts with expirations as short as one day without actually owning the metals. These European-style options, listed under XAUUSDT and XAGUSDT, operate during the metals' regular market hours instead of running 24/7.
This move marks a notable shift from Binance's earlier commodity offerings, which focused on perpetual futures with no expiration. Now, traders can access options with fixed expiry dates, adding defined risk management tools to their strategies. Buyers can purchase calls or puts aiming to profit from price movements, but selling options to open positions remains off-limits for retail clients. This structure limits potential losses to the premium paid and eliminates liquidation risks associated with long positions, though contracts may expire worthless.
Expanding into Regulated Commodity Markets
The launch builds on Binance’s initial commodity push earlier this year when it introduced USDT-settled gold and silver perpetual futures. By adding options, the exchange offers more flexibility for users looking to hedge or speculate with different risk profiles. To attract traders, Binance is waiving maker fees and charging a minimal 0.02% taker fee indefinitely. Each daily expiry will feature around 10 strike prices, while weekly contracts will have about 12 strikes, allowing multiple entry points close to current market valuations.
This launch aligns with growing interest in crypto platforms for commodity exposure. According to Bitmex Research, weekly volumes on commodity perpetual contracts involving gold, silver, and oil have reached $25 billion, highlighting a migration of traditional commodity trading toward crypto infrastructure.
This content is for informational purposes only and should not be considered financial advice.
