Binance reserves full USDC for put sellers in new stock options offering

Binance announced covered-call and cash-secured-put selling on Oct. 15, allowing eligible stock-options customers to collect premiums while committing shares or USDC to potential assignment. The new seller FAQ requires put sellers to reserve the full USDC purchase funds in the Funding Account to cover the strike price for every contract, separate from the premium. However, the linked September product terms still exclude option writing, creating a conflict with the new selling instructions. The linked terms also exclude US persons and flag restrictions in China, Hong Kong, and the EU.