Binance announced on 2026-04-12 that it will begin offering options on 1,000+ selected U.S. stocks and ETFs through Nest Trading Limited, its Abu Dhabi Global Market-regulated broker-dealer. ^[1] Binance announced on 2025-09-01 that it will offer physically settled options on more than 1,000 US stocks and exchange-traded funds to eligible users outside the United States. ^[2] Nest Trading Limited acts as an introducing broker, routing orders to Alpaca Securities LLC (dba Alpaca Clearing), a U.S.-registered self-clearing broker-dealer, for execution, clearing, settlement, and custody. ^[3] Shunyet Jan, Head of Exchange and Trading at Binance, stated that adding options on selected U.S. stocks and ETFs expands tools for users to participate in equity markets and manage exposure. ^[4] Binance said its equity-linked perpetuals generated about $342.9 billion in volume during August, representing about 79% of its TradFi perpetual activity and growing more than 800-fold from January. ^[5] Nest Trading Limited will introduce the options orders and route them to Alpaca Securities LLC, which will execute, clear, and settle the trades and custody any shares delivered upon exercise. ^[6] The options are physically settled; exercising a call can deliver underlying shares, and exercising a put can require delivery; an exercise instruction must be submitted through Binance's platform by the relevant cutoff, as late as 30 minutes before expiry, and in-the-money contracts will not auto-exercise without that instruction. ^[7] Eligible retail users can buy calls and puts where the maximum potential loss is limited to the premium paid. ^[8]