Binance Updates Settlement Price Rules for Commodity Options, Effective November 23

November 12 — Binance announced it will update the settlement price rules for commodity options to align them with the rules applicable to crypto 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's closing price at 17:00 ET on the expiry date; the new settlement price will be the arithmetic average of the Binance Futures index price over the 0.5 hours before the expiry time. Expiry times, trading sessions and contract specifications remain unchanged. Whether a contract is subject to the original or the new rules is determined solely by its expiry time; all commodity options expiring at or after that time will be subject to the new rules.