📢 Binance Commodity Options: settlement rule change
🔄 What changes: Binance is moving Commodity Options (such as gold options on XAU) to the same settlement method used for Crypto Options.
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📏 Old rule: settlement used the single underlying market close price at expiry.
✅ New rule: settlement is the arithmetic mean of the Binance Futures Index Price over the 30 minutes before expiry (1,800 one-second samples).
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🗓 Starts with the batch expiring at the US session close on Monday, Nov 23. Anything expiring before that keeps the old rule, even if it is processed later. Expiry times, sessions and contract specs do not change.
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🧠 Why it matters: a 30-minute average makes it harder for one last-second spike to decide an option's payoff. That matters right now, with metals volatile: the gold perp is down 2.3% in 24h to about 3,973 and silver is down 2.9% to about 51.55.
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Source: official Binance announcement, Nov 12. Not financial advice. DYOR.
$BNB #Binance #Options #Gold #TradFi
🔄 What changes: Binance is moving Commodity Options (such as gold options on XAU) to the same settlement method used for Crypto Options.
⠀
📏 Old rule: settlement used the single underlying market close price at expiry.
✅ New rule: settlement is the arithmetic mean of the Binance Futures Index Price over the 30 minutes before expiry (1,800 one-second samples).
⠀
🗓 Starts with the batch expiring at the US session close on Monday, Nov 23. Anything expiring before that keeps the old rule, even if it is processed later. Expiry times, sessions and contract specs do not change.
⠀
🧠 Why it matters: a 30-minute average makes it harder for one last-second spike to decide an option's payoff. That matters right now, with metals volatile: the gold perp is down 2.3% in 24h to about 3,973 and silver is down 2.9% to about 51.55.
⠀
Source: official Binance announcement, Nov 12. Not financial advice. DYOR.
$BNB #Binance #Options #Gold #TradFi
