Binance Launches Options Trading on Over 1,000 US Stocks and ETFs
- Binance is launching options trading for more than 1,000 US stocks and ETFs for eligible users outside the United States.
- The options will be executed through Binance’s Abu Dhabi-regulated broker-dealer, Nest Trading, with orders routed to Alpaca Securities.
- This expansion follows a significant increase in trading volume for traditional financial products, reaching $433 billion in August.
- Tokenized stocks have surged to approximately $2.6 billion in distributed value, up from $346 million last year.
- Coinbase and Kraken are also expanding their offerings in tokenized equities and stock trading respectively.
The launch of options trading by Binance highlights the growing integration of traditional finance within cryptocurrency platforms, as evidenced by the acceleration of TradFi perpetual futures volume this past month. This move reflects an increasing demand for diverse financial products among users globally.
With a reported volume of $433 billion in August alone, Binance’s new offerings are set to enhance its position in both the crypto and traditional finance sectors.(Source)
