Binance Updates Commodity Options Settlement Price Rules, Effective November 23

BlockBeats news, November 12: Binance has announced that it will update the settlement price rules for commodity options to align them with the rules applicable to cryptocurrency options. The new rules will apply starting with commodity options expiring at 17:00 ET on November 23, 2026.

The original settlement price was the underlying market closing price at 17:00 ET on the expiration date. The new settlement price will be changed to the arithmetic average of Binance futures index prices during the 0.5 hours before the expiration time. The expiration time, trading sessions, and contract specifications all remain unchanged. Whether a contract is subject to the original rules or the new rules is determined solely by the contract expiration time; all commodity options expiring at or after that time will be subject to the new rules.