Comprar Cripto
Pagar con
Mercados
NFT
New
Descargar
English
USD

¿Cómo podemos ayudarte?
Funciones de la Cuenta
Tutorial
Binance Fan Token
Binance Earn
Depósitar/Retirar Cripto
Comprar cripto (Fiat/P2P)
Spot & Margin Trading
Cripto-derivados
Contratos de Futuros
Tokens Apalancados
Finanzas
API
Seguridad
Términos de uso
Binance Convert
NFT
VIP
Actualmente este artículo no es compatible en su idioma. Se recomienda el traductor automático para el inglés.

Binance Options Service Agreement

2022-09-08 09:23
Version: 26 August 2022
This Binance Options Service Agreement (this “Agreement”) shall apply to all Options (as defined below) traded on the Platform.
All capitalized terms and references used in this Agreement that are not defined herein shall have the meaning given to them in the Binance Terms of Use (the “Terms of Use”) or the Binance Futures Service Agreement (the “FSA”), as the context requires. Where a term is defined both in the Terms of Use and/or the FSA and in this Agreement, for the purposes of this Agreement only, the definition in this Agreement shall prevail.
This Agreement shall be supplemental to and is to be read together with the Terms of Use and the FSA. Accordingly, the provisions set out in the Terms of Use and the FSA shall apply to the use of the Platform for the purposes of transacting in Options, where applicable, and references in the Terms of Use and the FSA to the “Binance Services”, “Futures”, and/or “Transactions” shall be deemed to include references to Options, Options Contracts, and the related services contemplated hereunder, where relevant and as the context requires. In the event of any conflict or inconsistency between this Agreement and the Terms of Use and/or the FSA, this Agreement shall prevail with respect to the services contemplated hereunder unless expressly stated otherwise.
The terms in this Agreement shall be further supplemented by the Trading Rules applicable to Options. In the event of any conflict or inconsistency between the terms in this Agreement and the Trading Rules, the Trading Rules shall prevail with respect to the services contemplated hereunder unless expressly stated otherwise.
This version of this Agreement shall replace and supersede any previous agreements between us with respect to Options and any previous versions of this Agreement that may have been accepted through, or otherwise made available on, the Platform. By transacting in Options through the Platform, you confirm your acceptance of this Agreement, the Terms of Use, the FSA, and the Trading Rules.

1. Definitions and Interpretation

Account” means an account maintained or to be maintained by Binance for you for the purpose of transacting in Options through the Platform. The “Account” shall be a “Binance Account” for the purposes of the Terms of Use and the FSA.
Call Contract” means a contract entitling the Option Buyer, upon Exercise, notionally to purchase the Digital Asset Amount from the Option Seller at the applicable Strike Price and to receive from the Option Seller, in lieu of the Digital Asset Amount, the Settlement Amount.
“Commencement” means the time at which the Option Contract is entered into on the Platform.
“Daily Options” means cash-settled Option Contracts available for purchase on the Platform with an Expiry Period of up to 24 hours after Commencement. Daily Options may be Exercised at any point during the Exercise Period and will otherwise be automatically Exercised at Expiry provided the Option is In-the-Money.
Digital Asset Amount” means the amount of the Underlying that is to be notionally bought or sold pursuant to an Option Contract.
“Eligible Digital Asset” means any Digital Asset that Binance has confirmed it will accept for the purposes of Premium payments and/or satisfying Margin Requirements with respect to Option Contracts.
European-style Options” means cash-settled Option Contracts available for purchase or sale (by Qualifying Users) on the Platform which are only Exercised (and are automatically Exercised) on Expiry provided that the Option is In-the-Money.
Exercise” means the exercise of the rights of the Option Buyer granted pursuant to an Option Contract, as applicable. Exercise will be automatic on Expiry of the Option if the Option is In-the-Money but may be elected by the Option Buyer at any point during the Exercise Period where a Daily Option has been purchased.
Exercise Fee” has the meaning given to it in clause 5.1 of this Agreement.
Exercise Period” means the period from Commencement to Expiry.
Expiry” means the expiration time chosen or specified on the Platform when entering into the relevant Option Contract.
In-the-Money” means the Settlement Amount with respect to an Option Contract is a positive amount at the time of Expiry or Exercise of the Option Contract.
Initial Margin” means, in relation to an Option Seller, the minimum amount of Margin that Binance may from time to time in its sole discretion determine is required to be deposited in the Option Seller’s Account in order to write or sell Option Contracts with respect to European-style Options.
Maintenance Margin” means, in relation to an Option Seller, the amount of Margin that Binance may from time to time in its sole discretion determine to be required to maintain an open position in relation to Option Contracts sold by the Option Seller with respect to European-style Options.
Margin” in respect of an Option Seller, means any Eligible Digital Assets that are deposited with or held by or on behalf of Binance in the Account of the Option Seller as security or credit support for the obligations of the Option Seller under the relevant Option Contracts sold by the Option Seller to the Option Buyer(s) with respect to such European-style Options.
Margin Balance” means, with respect to the Account of an Option Seller, the sum, from time to time (as determined by Binance in its sole discretion) of: (i) Margin held in such Account; and (ii) any Unrealised P/L connected to such Account. Information as to the Margin Balance from time to time is made available through the Platform.
Margin Call” means, with respect to an Option Seller, the request issued by Binance to the Option Seller, to top up any shortfall of Margin in the Option Seller’s Account in order to satisfy Margin Requirements from time to time.
Margin Requirements” means the aggregate of Initial Margin and/or Maintenance Margin required to sell and/or maintain Option Contracts with respect to European-style Options, as specified by Binance from time to time.
Mark Price” has the meaning given to it in clause 6.4 of this Agreement.
Option Buyer” means the party that pays the Premium to the Option Seller and is entitled to receive from the Option Seller, upon Exercise, the Settlement Amount.
Option” means Daily Options and European-style Options.
Option Contract” means a Call Contract or a Put Contract in respect of any Option.
Option Order” means any Instruction in relation to the entry into an Option Contract.
Option Seller” means the party that grants to the Option Buyer, upon Exercise, the right to receive the Settlement Amount. Binance is the sole Option Seller with respect to Daily Options, whereas other Qualifying Users may be the Option Seller with respect to European-style Options, if permitted by Binance.
Option Specifications” means the contract specifications with respect to each type of Option Contract available through the Platform, as accessible here.
Premium” means an amount in USDT (or any other Eligible Digital Asset) paid by the Option Buyer to the Option Seller to enter into an Option Contract, as specified on the Platform.
Put Contract” means a contract entitling the Option Buyer, upon Exercise, notionally to sell the Digital Asset Amount to the Option Seller at the applicable Strike Price and to receive from the Option Seller, in lieu of the Digital Asset Amount, the Settlement Amount.
Settlement Amount” means the greater of (i) zero, and (ii) the amount calculated on a formula basis as follows: (A) in the case of a Call Contract, the excess of the Settlement Price over the Strike Price, multiplied by the Digital Asset Amount, and (B) in the case of a Put Contract, the excess of the Strike Price over the Settlement Price, multiplied by the Digital Asset Amount.
Settlement Price” means the arithmetic mean of the Spot Index Price in respect of the Underlying during the 30 minutes preceding the Exercise of the relevant Option Contract, as determined by Binance.
Spot Index Price” has the meaning given to it in clause 6.4 of this Agreement.
"Strike Price" means the predetermined price, agreed when entering into an Option Contract, at which the relevant Option Contract can be Exercised, as specified on the Platform.
Time to Expiry” means the period of time until the Expiry of the Option.
Trading Rules” means any trading rules applicable to Options as made available on the Platform from time to time, and shall include the Option Specifications.
Transaction Fee” has the meaning given to it in clause 5.1 of this Agreement.
Qualifying Users” means Users who Binance has determined, in its sole discretion qualify for the right to provide liquidity in, and act as Option Seller of, Option Contracts in European-style Options. Qualifying Users may be required to sign up to additional documentation as Binance may determine in its discretion in order to act as Option Sellers of European-style Options.
Underlying” means the Digital Asset that is the subject of the Option Contract.
Unrealized P/L” means the profits that have not yet been realized on your open Option Contracts minus (ii) the losses that have not yet been realized on your open Option Contracts. Information as to your Unrealized P/L from time to time is made available on the Platform.

2. Entry into Option Contracts

2.1 You may elect to enter into an Option Contract as Option Buyer through the Platform by placing an Option Order. An Option Contract will be entered into once your Option Order is matched on the Platform.
2.2 Binance is the sole issuer of Daily Options through the Platform and so you will always face Binance as Option Seller when entering into an Option Contract in Daily Options. European-style Options are issued by Qualified Users and so Option Buyers of Option Contracts in European-style Options will face Qualifying Users as Option Sellers.
2.2 When placing an Option Order you will need to select an Expiry. Daily Options have an Expiry of between 5 minutes and 24 hours after Commencement and can be Exercised at any time up to the chosen Expiry. If you do not elect to Exercise a Daily Option prior to Expiry, the Daily Option will be automatically Exercised at Expiry provided that the Option is “In-the-Money”. European-style Options can only be Exercised at Expiry and will be automatically Exercised once Expiry is reached provided that the Option is “In-the-Money”. For European-style Options, you may choose a weekly, monthly, or quarterly Expiry. The different Expiries available for Daily Options and European-style Options are detailed on the Platform. Once an Expiry is chosen for a particular Option Contract, this cannot be changed.
2.3 On entering into an Option Contract as Option Buyer, you will be required to pay the applicable Premium to the Option Seller, which will be automatically deducted from your Account. It is your responsibility to ensure that you maintain sufficient Eligible Digital Assets within your Account to cover any Premium due with respect to Option Contracts. If you do not have sufficient Eligible Digital Assets within your Account to satisfy any Premium due, you will not be permitted to purchase any Option Contract.

3. Exercise of Options

3.1 In respect of Daily Options, the Option Buyer may Exercise the Option via the Platform at any time during the Exercise Period. If at Expiry a Daily Option has not been Exercised by the Option Buyer and the Option is “In-the-Money”, then the Option shall automatically be deemed to be Exercised immediately upon Expiry.
3.2 In respect of European-style Options, if at Expiry the Option is “In-the-Money”, then the Option shall automatically be deemed to be Exercised immediately upon Expiry.
3.3 For the avoidance of doubt, if an Option is not “In-the-Money” at Expiry, the Option will lapse and will not be Exercised.

4. Settlement of Options

4.1 At Expiry or Exercise of an Option, the Settlement Amount will be determined by the Platform. If the Settlement Amount is greater than zero, the Option Seller shall pay to the Option Buyer the Settlement Amount.
4.2 The Settlement Amount will be automatically deducted from the Option Seller’s Account and credited to the Option Buyer’s Account. The Settlement Amount will be paid in USDT (or such other Eligible Digital Asset as determined by Binance).
4.3 The net profit for an Option Buyer with respect to each Option Contract will represent the Settlement Amount for the Option Contract minus the Premium paid and any applicable fees. As an Option Buyer, the maximum loss with respect to an Option Contract will be limited to the amount of Premium paid plus any fees. In contrast, as an Option Seller, the maximum profit for an Option Contract will be the Premium received and the maximum loss will be the Settlement Amount (which reflects the difference between the Strike Price and the Settlement Price), which is unlimited.
4.4 Information as to Option Contracts entered into will be made available through the Platform (including, inter alia, information on the applicable symbol, underlying Digital Asset, Premium, Strike Price, direction (i.e. Call Contract or Put Contract), Transaction Fee Rate, and (if relevant) information on the Initial Margin and Maintenance Margin requirements). Binance will not actively notify you of any upcoming Expiry. You acknowledge and agree that it is your sole responsibility to monitor the Time to Expiry and to ensure that, with respect to Option Contracts in Daily Options, you elect to Exercise the Option prior to Expiry should you wish to do so, otherwise, at Expiry the Option will be automatically exercised if “In-the-Money” or will otherwise lapse.
4.5 By entering into Option Contracts through the Platform, you authorize Binance to automatically: (i) deduct from your Account any amounts owed from you with respect to such Option Contracts, and/or (ii) credit to your Account any amount owed to you with respect to such Option Contracts.

5. Fees

5.1 Binance charges fees for opening positions in Options (“Transaction Fees”) and also fees for the Exercise of Options (“Exercise Fees”).
5.2 Transaction Fees are payable by both an Option Buyer in respect of all Options entered into and by an Option Seller in relation to each European-style Option sold. Transaction Fees are payable upon entry into an Option Contract and are determined by reference to the Spot Index Price at the time of entry into the Option Contract and the applicable “Transaction Fee Rate”, which may vary depending on whether you are the maker or taker of an Option Order.
5.3 Exercise Fees are payable upon Exercise of an Option by both the Option Buyer and (with respect to European-style Options) the Option Seller. The Exercise Fee is determined by reference to the applicable Settlement Price and the applicable “Exercise Fee Rate”.
5.4. Transaction Fees and Exercise Fees are automatically deducted from the Account of the Option Buyer and the Option Seller and are payable in USDT (or such other Eligible Digital Asset as determined by Binance). Binance reserves the right to change applicable Transaction Fees and/or Exercise Fees (including the applicable Transaction Fee Rate and/or Exercise Fee Rate) from time to time at its sole discretion without prior notice. Further information on the calculation of Transaction Fees and Exercise Fees (including the applicable Transaction Fee Rates and Exercise Fee Rate) is set out on the Platform and can be accessed here.

6. Terms applicable to Option Sellers

6.1 Qualifying Users may act as Option Seller with respect to European-style Options and may place an Order to sell an Option Contract with respect to European-style Options to Option Buyers through the Platform, subject to such conditions and any additional documentation as required by Binance from time to time.
6.2 In order to write an Option Contract and open a short position in European-style Options through the Platform (and act as Option Seller), a Qualifying User must first deposit the required amount of Initial Margin to its Account. In order to maintain an open short position in European-style Options, an Option Seller must meet applicable Maintenance Margin requirements. Further information on how Initial Margin and Maintenance Margin requirements are determined can be accessed here.
6.3 An Option Seller must maintain sufficient Initial Margin and Maintenance Margin at all times. If the value of an Option Contract moves against you as an Option Seller, Binance may issue a Margin Call to request you to deposit additional Digital Assets to your Account in order to ensure that the Margin Balance of the Account does not fall below the Maintenance Margin requirements. Binance is not required to make a Margin Call. However, if a Margin Call is made, it will be made via the Platform, by email or other electronic means. It is the sole responsibility of an Option Seller to monitor the applicable Margin Requirements and the Margin Balance of its Account from time to time and to ensure that the Margin Balance of the Account is at all times equal to or greater than the required Maintenance Margin, so as to avoid triggering a Default (as described further in clause 6.6 below).
6.4 As an Option Seller, your Unrealized P/L with respect to an Option Contract (which is relevant for the purpose of determining Margin Requirements) is calculated by reference to the real-time value of the Option Contract (the “Mark Price”), which is determined by Binance by reference to the volume-weighted average of the spot prices of the Underlying on the major spot market exchanges that Binance has determined shall constitute the “Price Index” (the “Spot Index Price”), and other parameters as determined by Binance. Further information in relation to the “Price Index” and the protective measures that may be implemented by Binance to avoid poor market performance and inaccurate pricing data can be found here.
6.5 The value of any Margin shall be as determined by Binance in its sole and absolute discretion. Binance may, in its sole and absolute discretion, with or without notice to an Option Seller, vary the Margin Requirements at any time and by any amount, and may also stipulate that such Margin Requirements shall apply to existing Option Contracts as well as new Option Contracts affected by such change. A higher Initial Margin may be payable in certain circumstances and Maintenance Margin may increase in the event of adverse market movements. Binance may, in certain market conditions, effect an immediate change in Margin Requirements and/or require additional Margin to be deposited immediately or within a specified period of time which may be less than 24 hours. No previous Margin Requirements shall set a precedent or bind Binance.
6.6 If at any time: (i) an Option Seller fails to maintain sufficient Margin in its Account so that the Margin Balance of the Account is at all times equal to or greater than the required Maintenance Margin, and/or (ii) an Option Seller fails to make payment of any Settlement Amount when due, then this shall constitute a “Default” for the purposes of the FSA and this Agreement. Accordingly, without prejudice to any other rights or remedies granted to Binance in this Agreement, the Terms of Use, the FSA, or the Trading Rules, and regardless of whether or not a Margin Call has been issued, Binance may (but is not obliged to), immediately or any time thereafter and without prior notice, exercise any of its rights as set out in clause 8.2 (Default and Termination) of the FSA as a consequence of such Default. For the avoidance of doubt, such rights of Binance include (but are not limited to) liquidating, accelerating, hedging, and/or closing out any outstanding Option Contract entered into by the Option Seller (whether in a capacity as Option Seller or Option Buyer, including any Option Contract which has yet to be settled on the date on which Binance terminates such Option Contract, in accordance with clause 8.2(b) of the FSA and/or selling or otherwise transferring any Digital Assets or other property which Binance may hold for the Option Seller or which has been pledged to Binance by the Option Seller and applying the proceeds to the discharge of the Option Seller’s obligations owed under or in connection with an Option Contract, in accordance with clause 8.2(c) of the FSA.
6.7 For the avoidance of doubt, the provisions of this clause 6 shall apply to Option Sellers of European-style Options only. Option Buyers will not be subject to Margin Requirements with respect to any Option Contract purchased through the Platform.

7. Risks of Transacting in Options

7.1 You acknowledge that Options trading with respect to Digital Assets is a highly speculative activity involving rapidly fluctuating markets. Before transacting in Options through the Platform, you should take steps to understand the nature of this product and the risks involved. By purchasing or selling Option Contracts on the Platform, you acknowledge and agree that you have sufficient investment knowledge, financial expertise, and experience and the capacity to take on the risks arising from such activity. You further agree to assume all the risks arising from conducting Options trading on your own account. If you are uncomfortable with associated levels of risks, you should not enter into Option Contracts.
7.2. Before entering into an Option Contract, you must ensure that you have sufficient Eligible Digital Assets in your Account to satisfy any applicable Premium due. The Premium is a fixed value which will be deducted from your Account when you enter into an Option Contract as Option Buyer. All Option Contracts will be purchased and Exercised on the basis of market prices, which may fluctuate from time to time. As such, there is no guarantee that prices displayed on the Platform will be current and will be the exact prices at which Option Contracts will be purchased and/or Exercised. Returns on Options trading will depend on market movements.
7.3 The net profit for an Option Buyer with respect to each Option Contract will represent the Settlement Amount for that Option minus the Premium. As an Options Buyer, the maximum loss will be limited to the amount of Premium paid.
7.4 As an Option Seller, your maximum profit with respect to the sale of an Option Contract will be the Premium paid by the Option Buyer. In terms of the maximum loss of an Option Seller, this will be the difference between the Premium and the Settlement Amount (which represents the difference between the Settlement Price and the Strike Price of the Option).
7.5 As an Option Seller of an Option Contract in European-style Options, you will be required to meet Margin Requirements and may be subject to Margin Calls from time to time which will require you to top up additional Margin in your Account in order to avoid triggering a Default. As Digital Asset markets are open 24 hours a day, 7 days a week, Margin Calls may occur at any time, including outside of normal business hours. You further agree and acknowledge that the prices of Digital Assets are volatile and thus may decline speedily in value. If, as an Option Seller, the Margin Balance of your Account falls below the required Margin Requirements and you fail to top up the Margin held in your Account then (subject to any applicable grace period agreed in writing with Binance), you may be put into Default. This means that, as an Option Seller, you may lose all of your Margin credited to your Account and you may owe substantially more than you initially invested with respect to Options trading.
7.6 Binance reserves the right to delist any Option available through the Platform and/or to discontinue providing any of the services referred to hereunder, in each case at any time in its sole and absolute discretion, without giving any reason or any notice to you thereof.
7.7 Binance reserves the right to alter, revise, modify, and/or amend this Agreement at any time at its discretion. Any such amendments will take effect immediately upon being published on the Platform. It is your responsibility to regularly check our website to confirm the latest version of this Agreement. Your continued access and use of the Platform for the purposes of trading in Options following any amendments to this Agreement shall indicate your acceptance of such amendments. If you do not agree to any such amendments, you should cease transacting in Options through the Platform.