Overview
- Binance rolled out physically‑settled options for more than 1,000 selected U.S. stocks and ETFs on Tuesday, Sept. 1, 2026, making the contracts available to eligible users outside the United States.
- The trades flow through Nest Trading Limited as the introducing broker and Alpaca Securities as the U.S. execution, clearing, settlement and custody broker, so securities work sits with regulated intermediaries behind the Binance interface.
- Phase one is long‑only and supports limit orders only, with buyers able to purchase calls or puts but not to write options, and losses for buyers confined to the premium paid.
- Contracts settle into underlying shares rather than cash or tokens and require the holder to submit an exercise instruction no later than 30 minutes before expiry because in‑the‑money positions are not exercised automatically.
- The launch follows a surge in Binance’s TradFi derivatives volume and could broaden retail access to U.S. equity strategies, but liquidity, fees, full ticker listings and plans to add selling or multi‑leg order types remain unspecified and will determine how the market responds.