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In the United States, the [[Securities and Exchange Commission]] (SEC) approved [[Exchange-traded product|exchange-traded]] binary options in 2008.<ref>{{Cite news|url=https://www.reuters.com/article/companyNewsAndPR/idUSN0943920080609|title=CBOE to list binary options on S&P 500, VIX |last=Frankel |first = Doris |date=June 9, 2008 | publisher=[[Reuters]] | access-date=December 8, 2018}}</ref> Trading commenced on the [[NYSE American]] (MYSEA) and the [[Chicago Board Options Exchange]] (CBOE) in May and June 2008.<ref name=leapinfo>{{cite web | url=https://www.leaprate.com/news/the-history-of-binary-options-trading-infographic/ | title=The History of Binary Options Trading – Infographic | date=January 5, 2017 | website=leaprate.com | access-date=December 8, 2018}}</ref>
The MYSEA offers binary options on some [[exchange-traded fund]]s and a few highly liquid equities such as [[Citigroup]] and [[Google]]. On the exchange binary options were called "fixed return options" (FROs). To reduce the threat of [[market manipulation]] of single stocks, FROs use a "settlement index" defined as a volume-weighted average of trades on the expiration day. MYSEA and [[Donato A. Montanaro]] submitted a [[patent application]] for exchange-listed binary options using a volume-weighted settlement index in 2005.<ref>[https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2005069978 "System and methods for trading binary options on an exchange" Pantent WO2005069978]. Patentscope. World Intellectual Property Organization. Retrieved on 2025-05-21.</ref>{{non-primary source needed}} CBOE offers binary options on the [[S&P 500]] (SPX) and the [[VIX|CBOE Volatility Index (VIX)]].<ref name="cboebin">{{cite web| url=http://www.cboe.com/micro/binaries/BinariesQRG.pdf | title=CBOE Introduces Binary Options on SPX SM and VIX | date=September 10, 2008 | publisher=[[Chicago Board Options Exchange]] | archive-url=https://web.archive.org/web/20080910044859/http://www.cboe.com/micro/binaries/BinariesQRG.pdf | archive-date=September 10, 2008 | access-date=December 8, 2018}}</ref> The tickers for these are BSZ<ref>{{cite web|url=http://www.cboe.com/delayedquote/detailed-quotes?ticker=BSZ | title=^BSZ (CBOE Binary Options On The S&P 500 Index) | date=December 8, 2018 | publisher=[[Chicago Board Options Exchange]] | access-date=December 8, 2018}}</ref> and BVZ, respectively.<ref>{{cite web | url=http://www.cboe.com/delayedquote/detailed-quotes?ticker=BVZ | title=^BVZ (CBOE Binary Options Volatility) | date=December 8, 2018 | publisher=[[Chicago Board Options Exchange]] | access-date=December 8, 2018}}</ref>
[[Nadex|NADEX]], a U.S.-based [[Commodity Futures Trading Commission]] (CFTC) regulated exchange, launched binary options for a range of [[Forex]], [[Commodity#Commodity trade|commodities]], and [[stock indices]]' markets in June 2009,.<ref>{{cite web|url=http://www.nadex.com/content/files/pressrelease-01.pdf|title=Nadex, North American derivatives exchange rolls out new trading platform, products|date=June 22, 2009|publisher=[[Nadex]]|archive-url=https://web.archive.org/web/20120401080606/http://www.nadex.com/content/files/pressrelease-01.pdf|archive-date=April 1, 2012|access-date=December 8, 2018}}</ref> On March 30, 2010 the CFTC issued an amended Order of Designation to allow trades on NADEX to be intermediated.<ref>{{Cite web|url=https://sirt.cftc.gov/SIRT/SIRT.aspx?Topic=TradingOrganizationsAD&Key=34536|title=- CFTC|website=sirt.cftc.gov|access-date=2019-03-21}}</ref> NADEX have since offered binary options trading between buyers and sellers. They do not participate in the trades.<ref>{{Cite web|url=https://www.nadex.com/why-nadex/regulated-and-legal-for-us-residents|title=Regulated & Legal for US Residents|date=2015-09-24|website=Nadex|language=en|access-date=2019-03-21}}</ref>
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