• Binance (as of August 4, 2025) has not published a direct commentary on NYDIG’s thesis regarding options limits and their impact.
• Nonetheless, market behavior on Binance and related exchanges supports many of NYDIG’s projections: volatility softening, strong institutional hedging, and robust spot demand tied to ETF inflows.
• If you're interested, I can dig into Binance-specific data (e.g., open interest, options volume, hedging flows) to see how closely it aligns or echoes NYDIG’s framework.