Overview
- Binance launched the options product on Tuesday, Sept. 1, covering more than 1,000 U.S. stocks and exchange‑traded funds for eligible non‑U.S. users.
- Orders are introduced via Nest Trading and executed, cleared and custodied by Alpaca Securities so exercised contracts deliver actual shares held in Alpaca custody.
- Phase one is long‑only with limit orders only, trades mostly during regular U.S. options hours, and requires exercise instructions up to 30 minutes before expiry because in‑the‑money contracts are not exercised automatically.
- Key open questions include the full list of supported tickers, per‑contract fees, real‑time liquidity and execution quality, and whether Binance will add option writing, market orders or multi‑leg strategies.
- The launch follows Binance’s June roll‑out of direct U.S. stock access and a surge in its TradFi perpetual‑futures volume, and it creates a direct competitor to other exchanges expanding equity and tokenized stock products.