Binance Rolls Out Gold and Silver Options Trading

Binance has introduced USDT-settled European-style options for gold and silver. Traders can now express market views, trade volatility and hedge positions, building on prior demand where gold perpetuals peaked at $7.77 billion daily volume and silver at $7.27 billion.
The contracts cap buyer risk at the premium paid with no liquidation exposure on longs, settling entirely in USDT. Sessions follow underlying hours from Sunday 6 PM to Friday 5 PM ET with a daily pause.
CME Group recorded 15,000 one-ounce gold futures contracts traded over the opening weekend for roughly $60 million notional. Jin Hennig cited retail appetite for accessible products, as gold futures posted record $125 billion average daily notional value and 1.3 million contracts daily, up 55% year-over-year.
Source: Kitco News