Binance Launches Gold and Silver Options, Gold and Silver Perpetual Contracts Both Exceed $7 Billion in Daily Trading Volume

July 29th, according to CoinDesk, Binance has launched gold and silver European options through its Nest Exchange, which is regulated by the Abu Dhabi Global Market (ADGM). The contracts will be settled in USDT. Previously, Binance saw strong demand for gold and silver perpetual contracts, with daily trading volumes peaking at $7.77 billion and $7.27 billion respectively. The new options are open to retail investors for buying calls and puts, but retail investors are not allowed to sell options; sellers are limited to the exchange and designated market makers.