Binance launched stock options linked to selected U.S.-listed stocks and exchange-traded funds on September 1. The regulated product gives eligible users access to physically settled contracts through a brokerage structure available directly on its platform, extending a June rollout of direct trading access to certain U.S. stocks and ETFs for eligible clients.

According to the announcement, the service supports call and put options with expiration dates. Calls give buyers the right to purchase shares at a set strike price, while puts provide the right to sell them.

Binance is offering the contracts through Nest Trading Limited, which serves as the introducing broker. U.S.-regulated Alpaca Securities handles clearing, settlement, and custody of shares delivered after contracts are exercised.

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Why Binance Options Use Share Settlement

Unlike cash-settled derivatives, these options settle through delivery of the underlying securities. Cash-settled products instead pay the difference between the strike price and final settlement value without transferring shares.

More finance. Until it's all on Binance. Introducing Binance Stock Options. Trade U.S. stock and ETF options with physical settlement. pic.twitter.com/BH8ybWEM1A — Binance (@binance) September 1, 2026

More finance. Until it's all on Binance. Introducing Binance Stock Options. Trade U.S. stock and ETF options with physical settlement. pic.twitter.com/BH8ybWEM1A

Exercising a call allows the holder to buy the underlying shares at the strike price. Exercising a put allows the holder to sell those shares at that price, subject to funding, position, and exercise requirements.

The shares gained from settlement are still held in custody by Alpaca Securities. This can be followed by users using the Binance stock trading platform and funding account post-settlement.

These are traditional securities options and not tokenized equities or perpetual futures of cryptocurrencies. They follow U.S. market schedules and result in the delivery of actual shares rather than blockchain-based equivalents.

The launch is in accordance with the long-only framework. Customers are allowed to trade calls and puts but cannot write any options.

How Nest Trading Processes Binance Options Orders

For an option buyer, the risk is the premium paid for the option. However, the option may expire out of the money if the underlying security does not rise above the strike price before expiration.

Only limit orders are available in the first phase. Clients must provide their highest willing price, giving them price control rather than accepting the best available price through a market order.

The Nest Trading platform will handle order entry and introduce Binance customers who qualify for the U.S. brokerage service.

Alpaca Securities handles the regulated U.S. brokerage functions, including executing the trades and holding the securities in client accounts.

What Binance May Add After Its Initial Options Launch

Alpaca describes itself as a self-clearing regulated broker-dealer. Alpaca and Binance previously collaborated on the direct trading access to certain U.S. stocks and ETFs that Binance released in June for eligible clients.

The exchange did not disclose a complete list of countries. However, it warned about possible restrictions on stock options in some jurisdictions, where customers would have to confirm their account eligibility and local regulations.

Future developments may bring new underlying assets, order types, and contracts beyond the long-only contracts currently available.

Binance has not announced a timetable for these potential additions or confirmed which features will arrive next.

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