BlockBeats News, November 12: Binance announced that it will update the settlement price rules for commodity options to align them with the rules applicable to cryptocurrency options. The new rules will apply to commodity options expiring at 17:00 ET on November 23, 2026, and thereafter.
The original settlement price was the underlying market’s closing price at 17:00 ET on the expiration date. The new settlement price will be the arithmetic average of the Binance Futures Index price during the 0.5-hour period before expiration. Expiration times, trading hours, and contract specifications will remain unchanged. Whether a contract is subject to the old or new rules will be determined solely by its expiration time; all commodity options expiring at or after that time will be subject to the new rules.
The original settlement price was the underlying market’s closing price at 17:00 ET on the expiration date. The new settlement price will be the arithmetic average of the Binance Futures Index price during the 0.5-hour period before expiration. Expiration times, trading hours, and contract specifications will remain unchanged. Whether a contract is subject to the old or new rules will be determined solely by its expiration time; all commodity options expiring at or after that time will be subject to the new rules.