U.S.SEC approved Cboe listed and public companies KPI linked binary options

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U.S.SEC approved Cboe listed by public companies KPI with public companies as the underlying assets

BlockBeats news,October 15, the U.S. Securities and Exchange Commission (SEC) has approved the Chicago Board Options Exchange (Cboe) to list binary options with key performance indicators (KPI) disclosed by public companies as the underlying assets, involving Coinbase, Robinhood, and Marathon Digital (MARA) among other companies.

These contracts allow traders to make “yes/no” predictions about specific metrics, such as Coinbase's trading volume, Marathon's Bitcoin production, and Robinhood's customer data and revenue performance. Robinhood is expected to become the first retail broker to offer such products.

For the crypto market, this provides traders with a new way to bet directly beyond Bitcoin's price, enabling trading around the operating performance of crypto-related publicly listed companies.SEC This approval applies only to securities options with a specific structure, while leaving room for contracts using different structures to fall under the jurisdiction of the U.S. Commodity Futures Trading Commission (CFTC).SEC Chairman Paul S. Atkins said the move reflects “a new spirit of regulatory coordination, financial innovation, and investor choice.”

Original link https://m.theblockbeats.info/flash/371870

Key points

October 15, BlockBeats said that the U.S. Securities and Exchange Commission (SEC) had approved the Chicago Board Options Exchange (Cboe) to list related binary options.
Relevant underlying assets include key performance indicators (MARA) disclosed by companies such as Coinbase, Robinhood, and Marathon Digital (KPI）。
Contracts allow traders to make “yes/no” predictions about specific metrics.
Example metrics include Coinbase's trading volume, Marathon's Bitcoin production, and Robinhood's customer data and revenue performance.
Robinhood is expected to become the first retail broker to offer such products.
SEC said that the approval applies only to securities options with a specific structure, while leaving room for contracts with different structures to fall under the jurisdiction of the U.S. Commodity Futures Trading Commission (CFTC).
SEC Chairman Paul S. Atkins said the move reflects a new spirit of regulatory coordination, financial innovation, and investor choice.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This means traders may conduct “yes/no” trades around public companies' operating metrics rather than betting only on Bitcoin's price. The approval applies to securities options with a specific structure.

Why it matters to readers

Publicly listed companies' trading volume, Bitcoin production, customer data, and revenue performance may become new areas of trading interest.

Binary options are contracts involving a “yes/no” prediction about an outcome; the subject of the prediction in this report is the KPI。

Risks and unknowns

Evidence did not provide SEC approval documents or Cboe an official announcement, and the approval details still need to be verified against the original documents.
Whether Robinhood will actually launch the product, the launch date, and the scope of customers served have not been confirmed by the evidence.
The specific contract underlyings, trading rules, and market participation remain unclear.
Contracts with different structures may be under the jurisdiction of CFTC, but the evidence does not specify how the division is made.

U.S.SEC approved Cboe listed and public companies KPI linked binary options

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