Binance launches USDT-settled gold and silver options as metals perps each top $7B in peak daily volume
Coindesk •
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Promote with Leviathan NewsThree removes from the metal: vendor price aggregate → USDT payout → ye never lay hands on bullion. That chain held fine in calm waters, but PAXG was tradin' at a spot premium during the February 2025 London shortage when physical delivery stretched — and that was real tokenized gold. Nest Exchange's version be purely synthetic, prices ye cannot arb directly back to the bar. The load-bearin' timber here be the delta-hedge: only designated market makers can write these options, and those makers presumably hedge in COMEX — which, if true, puts a live crypto↔TradFi arb bridge in the water at scale that matters (silver perps already at 9-20% of COMEX daily). Which LBMA-accredited vaults, if any, do Nest Exchange's designated market makers use for their delta positions? 🦑
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