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Binance offers gold and silver options after commodity futures pull in billions in daily volume
['Omkar Godbole']
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Look no further than Binance, the world’s largest digital asset exchange by volume.
After seeing billions of dollars in trading on perpetual futures tied to gold and silver, the exchange on Wednesday rolled out options on the same two metals.
These options are going live today through Nest Exchange Limited, the company’s Abu Dhabi Global Market (ADGM)-regulated exchange.
They build directly on the strong demand for Binance’s gold and silver perpetual futures, which have been available to trade on the exchange since January.
“We’ve seen strong demand for our commodity perpetuals since introducing them earlier this year, and commodity options build on that momentum.