Binance is moving further beyond crypto trading.
The exchange is adding physically settled options on more than 1,000 U.S. stocks and ETFs for eligible users outside the United States. The products will be offered through Nest Trading Limited, with orders routed to U.S.-registered securities infrastructure for execution, clearing, settlement and custody.
Physically settled matters
Upon exercise, users receive or deliver the underlying supported shares. This differs from stock-perpetual options that reference synthetic derivatives and settle in stablecoins.
Why it matters
The crypto exchange stack is evolving from:
spot crypto + crypto futures + crypto options
into:
crypto + stocks + ETFs + tokenized securities + stock perps + stock options.
Binance is increasingly acting like a multi-asset broker.
Risks
The products are unavailable to U.S. users. Options can expire worthless, and the structure depends on several regulated entities rather than Binance alone.
What to watch next
Watch volume, listed contracts, multi-leg strategies, cross-asset collateral and whether other exchanges copy the physically settled model.
FAQ
How many stocks and ETFs are planned? More than 1,000. Are the options physically settled? Yes, according to Binance. Can U.S. users trade them? No.