1 month ago
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Key Takeaways
- Options cover more than 1,000 US securities.
- Exercise instructions face a 30-minute cutoff.
- Alpaca handles execution, settlement and custody.
- An option does not provide share ownership.
Exercise is not automatic
Binance is introducing options tied to more than 1,000 selected US-listed stocks and exchange-traded funds. Access is limited to eligible users outside the United States, extending the platform’s move into traditional financial markets.
The launch announcement places responsibility for exercise on the holder. Anyone seeking delivery of the underlying shares must submit an instruction through Binance no later than 30 minutes before the contract expires. In-the-money options will not be exercised automatically.
A contract left without an exercise instruction enters auto-liquidation instead. Binance will try to sell the position before the market closes...
English (US)