The newest gold derivatives on the market do not settle in dollars; they settle in Tether. Binance listed European-style gold and silver options on July 29, cash-settled in USDT through its ADGM-regulated Nest Exchange, the exchange said, following the USDT-settled metals perpetuals it introduced in January. "We've seen strong demand for our commodity perpetuals since introducing them earlier this year, and commodity options build on that momentum," said Shunyet Jan, head of exchange and trading at Binance. "With gold hitting record highs and investors seeking inflation hedges outside traditional equities, Binance's commodity options offer users additional compliant, crypto-native ways to diversify without leaving the platform.