Binance adds options on 1,000 U.S. stocks and ETFs as August volume hits $433 billion

Binance is adding options on more than 1,000 U.S. stocks and ETFs. TradFi perpetual futures volume on Binance reached approximately $433.4 billion in August, Binance said. The volume was roughly 15 times January's $29.5 billion total. Equity-linked perpetuals accounted for about 79% of August volume. Those perpetuals generated $342.9 billion in August compared with $410.9 million in January. Nest Trading Limited will act as the introducing broker. Nest is Binance's broker-dealer regulated by the Abu Dhabi Global Market. Nest will route orders to U.S.-registered Alpaca Securities for execution, clearing, settlement, and custody. The products will not be available to U.S. users. The options will be physically settled. Users will receive or deliver the underlying shares when they exercise the contracts. Alpaca will hold the shares in custody for Binance users. Eligible retail users will be able to buy calls and puts. Their maximum potential loss will be limited to the premium paid. Binance expects additional stock options listings over time. Binance expanded into more than 7,000 U.S.-listed stocks and ETFs for customers outside the United States in June. Binance also offers bStocks tokenized securities and equity-linked perpetual futures. Bybit is set to launch 24/7 options on stock perpetuals on Sept. 17. Bybit will initially offer contracts tied to SpaceX and Nvidia. Bybit's contracts will settle in USDT, unlike Binance's physically settled options on U.S.-listed securities. Binance Head of Exchange and Trading Shunyet Jan called stock options an important step toward a multi-asset platform.