Binance Announces SOL/USDT Options Launch

user avatar

by Giorgi Kostiuk

2 years ago

The largest crypto exchange Binance is set to launch Solana options, stirring investor interest in the potential for a currency surge.

Solana Options Launch

Binance has announced the launch of SOL/USDT options on its Options Trading platform starting November 12. This announcement comes as investors anticipate Solana's potential to reach a new all-time high. The options will be available in daily and weekly formats and comply with European MiCA standards, meaning they can be exercised only on the expiration date.

Binance Funds Transfer

As part of its wallet liquidity management, Binance has transferred over 2 million SOL from its cold wallet to its hot wallet, amounting to over $374.82 million.

Solana's Prospects and Price Movement

In the past 24 hours, Solana recorded a rise to $191.95, but the rally has cooled to 0.64%. The bullish potential remains according to a positive MACD histogram. The current price is down 27.6% from the ATH of $260 reached on November 6, 2021. To continue its ascent, the price needs to stay above $171.52, allowing it to test resistance levels at $195.85 and $204.50.

Binance's launch of Solana options could significantly impact the market. Despite current fluctuations, the outlook remains positive. Investors should consider all factors before making decisions.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Prediction Markets Show Shifts in Oil Price Expectations

chest

Prediction markets are reacting to oil price fluctuations, with traders speculating on whether crude will reach $120 or fall to $55 first.

user avatarAisha Farooq

Record Diesel Prices Hit Ahead of Midterm Elections

chest

Record diesel prices reached a high of 594 a gallon, raising concerns about consumer affordability ahead of the midterm elections.

user avatarLi Weicheng

Brent Crude Surpasses $100 Amid Geopolitical Tensions

chest

Brent crude oil prices rose above $100 for the first time in six weeks due to geopolitical tensions, including attacks on Saudi oil facilities and US military responses.

user avatarLeo van der Veen

OpenAI Claims to Solve Navier-Stokes Equations Amid Controversy

chest

OpenAI announced on September 8, 2026, that it has solved the Navier-Stokes equations, a significant problem in mathematics, but faces criticism from NYU mathematician Tristan Buckmaster regarding the originality of the solution.

user avatarTenzin Dorje

Cronos Reverses Transactions to Mitigate Exploit Damage

chest

Cronos blockchain network rolled back nearly two hours of transaction history to recover funds after a significant exploit of the Tectonic lending protocol.

user avatarBayarjavkhlan Ganbaatar

MEXC Introduces Opportunity Compass for Enhanced Market Understanding

chest

MEXC has launched Opportunity Compass, an educational initiative aimed at helping users understand both crypto and traditional financial markets.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.