Binance changes commodity options settlement on November 23
What happened and when: Binance published the notice on November 12, 2026, at 06:00 UTC. The new methodology will apply to the first Commodity Options expiry occurring at 17:00 ET on Monday, November 23; earlier expiries retain the old rule even if they are processed later.
Previously, the settlement price was the underlying asset’s price at 17:00 ET. From that cutoff onward, it will be the arithmetic mean of the Binance Futures Index Price during the preceding 30 minutes, from 16:30 to 17:00 ET: 1/1,800 of the sum of 1,800 observations. Expiry times, trading sessions, and contract specifications will not change.
The notice gives XAU-261130-4000-C as an example. The difference is methodological: an average reduces the weight of a single closing-price reading, but it does not eliminate volatility or guarantee a favorable outcome. The specific contract and its expiry time determine which rule applies.
Market snapshot at 17:36 UTC: BTC is trading at 71,901.66 USDT (-3.418% in 24 hours), ETH at 2,014.19 (-3.586%), and XAUT at 3,871.48 (-3.118%). These are Spot figures for context; they do not represent the Futures Index Price used for settlement and are not a signal.
Operational risk: anyone holding commodity options should review the contract documentation, index, and time zone. A 30-minute average may differ from the price at the exact close and change the settlement outcome; do not use this change as a reason to open a position.
$XAU $BTC $ETH Educational content. Not financial advice.
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