Binance is now offering physically settled options for over 1,000 US stocks and exchange-traded funds (ETFs) to eligible users outside the US. This move expands Binance's reach into traditional finance, making these products accessible through a single account.
Binance, a major cryptocurrency exchange, has launched a new service allowing its eligible international users to trade options on more than 1,000 US stocks and exchange-traded funds (ETFs). Options are financial contracts that give buyers the right, but not the obligation, to buy or sell an asset at a set price by a certain date. ETFs are investment funds that trade on stock exchanges, similar to stocks. This expansion means users can access these traditional finance products directly through their Binance account. The offering focuses on "physically settled" options, meaning actual shares are delivered upon exercise. This initiative broadens Binance's platform beyond just cryptocurrencies, blending crypto services with conventional investment opportunities.
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