Leading crypto exchange Binance’s derivatives platform, Binance Options, will begin offering new “T+3” daily call and put option contracts for the BNB/USDT trading pair starting August 31st.
The T+3 daily options will expire every 3 days, providing traders more flexibility than longer-duration options contracts. The new BNB/USDT options will be listed each day at 8 AM UTC, except on expiration days for existing products.
Each T+3 call and put option contract represents 1 BNB, similar to other BNB options on Binance. The contracts can only be exercised on expiry and settled in USDT.
Binance highlighted the launch comes amid heightened volatility for its native BNB token. Last week, BNB crashed to $203, its lowest since June 2022, following reports that Binance allegedly helped Russian users evade sanctions.
As Binance confronts escalating regulatory issues worldwide, the exchange is expanding its derivatives market to include short-term options tied to its own cryptocurrency. The T+3 BNB contracts provide traders with another tool to hedge risk during periods of high volatility induced by ongoing legal and compliance uncertainties.
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