This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance will update the settlement price rule for Commodity Options to align with the methodology used for Crypto Options. Effective from: The expiry at the close of the US trading session on Monday, 2026-11-23 The new methodology applies starting with Commodity Options that expire at 17:00 (ET) on Monday, 2026-11-23. All expiries at or after this time will follow the new rule. Previous rule: The settlement price is the underlying market close price at 17:00 (ET) on the expiration date.New rule: The settlement price is the arithmetic mean of the Binance Futures Index Price during the 0.5 hours preceding the expiration time.Expiration times, trading sessions, and contract specifications remain unchanged. Affected Contracts Whether a contract is settled under the previous rule or the new rule is determined solely by its expiration time. The first batch settled under the new rule is the batch expiring at 17:00 (ET) on Monday, 2026-11-23.All Commodity Options expiring on or after that time will use the new rule.Contracts expiring before 17:00 (ET) on Monday, 2026-11-23 will still be settled under the previous rule, even if their settlement is processed afterwards. Calculation Settlement Price = 1/1,800 × (Price_t1 + Price_t2 + ... + Price_t1800) Example: The XAU-261130-4000-C contract settles at 2026-11-30 17:00:00 (ET). The settlement price is the average of the XAU Futures Price Index from 2026-11-30 16:30:00 to 2026-11-30 17:00:00 (ET). Further Information Frequently Asked Questions on Binance Commodity Options Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-11-12 Trade on-the-go with Binance’s crypto trading app (iOS/Android) Find us on TelegramWhatsAppXFacebookInstagramDiscord Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. TradFi Options, in particular, are subject to high market risk and price volatility. TradFi Options are only available for trading during regular market hours. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Exchange Rules, Clearing Rules, Exchange Procedures, Clearing Procedures, relevant Contract Specifications and Risk Warning.