Binance to Adjust Commodity Option Settlement Price Calculation Rules

On November 12, according to a Binance announcement, the platform will adjust the settlement price rules for commodity options to align with the calculation method used for cryptocurrency options. The new rules apply to commodity options expiring at or after 06:00 Beijing Time on November 24.

Previously, the settlement price was the closing price of the underlying market at 17:00 Eastern Time on the expiration date; under the new rules, the settlement price will be changed to the arithmetic average of the Binance Futures Index price over the half hour prior to expiration. Expiration times, trading hours, and contract specifications remain unchanged.

Contracts expiring before the new rules take effect will still be settled according to the old rules, even if the settlement processing occurs after the effective time.