when

USDC

<ul class="wp-block-list">
 <li>Binance's new BNBUSDT and SOLUSDT options are limited to European-style contracts, exercisable only at expiration.</li>  
 <li>Trading of BNBUSDT and SOLUSDT monthly options begins Nov 26, 2024, on Binance.</li>  
 <li>Options trading on Binance restricts selling to Liquidity Providers and only to select clients.</li> 
</ul>  
<p>Binance, a cryptocurrency exchange, has announced the launch of BNBUSDT and SOLUSDT Monthly Options on November 26, 2024, at 8:00 a.m. UTC. These European-style options will let contract holders use the contracts only when they expire. Binance has taken this new approach to meet market needs even after following regulatory requirements.</p>  
<p>The exchange <a href="https://www.binance.com/en/support/announcement/binance-options-will-launch-bnbusdt-and-solusdt-monthly-options-02067834ba564042aa7e5f0d30eb2731" target="_blank" rel="noopener noreferrer nofollow">explained</a> that general users can buy and sell these options. However it will only allow liquidity providers and qualified clients to write or sell them. New expiration dates will be provided each Thursday before the weekly expiration to fulfill the needs of traders who seek updated contracts.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/binancezh/status/1860916043012817029
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-details-on-binance-s-latest-monthly-options"><strong>Details on Binance’s Latest Monthly Options</strong></h2>  
<p>The European style options differ from the other options because they can only be exercised at the expiry of contracts. Binance has highlighted these options to improve customers’ experiences and provide traders with more tools to help manage their funds.</p>  
<p>These options would be with the minimum notational order of 0.001 BNB or SOL per order. Additionally unauthorized stablecoins may be banned for users in the European Economic Area (EEA) due to new <a href="https://cryptonewsland.com/?s=MiCA" target="_blank" rel="noopener noreferrer nofollow">MiCA regulations.</a></p>  
<p>Binance advises users to consult the Options Contract Specifications for clarity on the terms and conditions relating to new additions to enhance user transparency.</p>  
<h2 class="wp-block-heading" id="h-binance-s-broader-strategy-expanding-trading-opportunities"><strong>Binance’s Broader Strategy: Expanding Trading Opportunities</strong></h2>  
<p>Besides introducing these monthly options, <a href="https://cryptonewsland.com/binance-records-10-2-billion-stablecoin-inflows-in-just-30-days/" target="_blank" rel="noopener noreferrer nofollow">Binance</a> continues expanding its daily trading environment. It recently added new trading pairs with USDC like HBAR/USDC, OM/USDC, RAY/USDC, TAO/USDC, CATI/USDC, and FDUSD/USDC. Moreover, the modifications will boost user attraction and provide more trading opportunities on cross-margin and isolated-margin systems.</p>  
<p>Binance also introduced new perpetual contracts including the 1000WHYUSDT and 1000CHEEMSUSDT contracts to the exchange with up to 75x leverage for professional traders. However Binance still monitors the market and has ceased trading of less performing pairs such as DAR/BTC, IRIS/BTC, and THETA/ETH to provide quality trading experience.</p> 
<p>The post <a href="https://cryptonewsland.com/binance-to-launch-bnbusdt-and-solusdt-monthly-options-on-november-26/" rel="noopener noreferrer nofollow">Binance to Launch BNBUSDT and SOLUSDT Monthly Options on November 26</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Binance to Launch BNBUSDT and SOLUSDT Monthly Options on November 26

Table of Contents

Crypto News Land

Other articles published on Nov 25, 2024

KuCoin Lists Ponder (PNDR) Token with USDT Trading Pair

XRP Getting Ready for Another Pump

Whales Boost XRP Value with Massive Acquisitions

Hoskinson Accuses Wyoming Stablecoin Team of Bias Toward Ethereum

tetadex Simplifies Onchain Futures Trading, Powered by StarkWare

Can XRP Maintain Its $1 Status?

Join our free newsletter for daily crypto updates!