Binance Updates Commodity Options Settlement Price Rules, Effective November 23rd. Binance announced it will update its commodity options settlement price rules to align them with those applicable to cryptocurrency options. The new rules will apply to commodity options expiring on November 23, 2026 at 17:00 EST. The previous settlement price was the closing price of the underlying market at 17:00 EST on the expiration date; the new settlement price will be the arithmetic average of the Binance Futures Index price over the 0.5 hours preceding the expiration time. Expiration time, trading hours, and contract specifications remain unchanged. Whether a contract is subject to the old or new rules depends solely on its expiration time; all commodity options expiring at or after this time will be subject to the new rules.