Binance adds options on 1,000 US stocks and ETFs

Binance launched options trading on more than 1,000 US stocks and ETFs for eligible users outside the United States. The options are physically settled. Users receive or deliver the underlying shares when they exercise them. Nest Trading offers the options through its Abu Dhabi-regulated broker-dealer. Nest Trading routes orders to US-registered Alpaca Securities for execution, clearing, settlement and custody. Binance already offers more than 7,000 US stocks and ETFs. Binance said trading in traditional financial products on its platform has accelerated. TradFi perpetual futures volume reached about $433 billion in August. That volume was roughly 15 times January's total. Tokenized stocks had about $2.6 billion in distributed value, according to RWA.xyz data. The value was roughly $346 million at the same time last year. Monthly transfer volume climbed 93% over the past 30 days to $25.1 billion. The number of holders surged 157% to nearly 2.5 million. Coinbase brought its B20 tokenized equities to Base last week. The move gave eligible non-US users 24/7 access to onchain versions of stocks including Apple, Nvidia, Meta and Alphabet. The assets can be integrated into DeFi protocols for trading and collateralized borrowing. Kraken opened access to more than 7,000 US-listed stocks for eligible European customers in August. Kraken placed those stocks alongside its tokenized xStocks. Robinhood launched Robinhood Chain in July. Robinhood also launched a new generation of Stock Tokens for eligible users in more than 120 countries.