SEC Clears Cboe to List Binary Options on Company KPIs

The SEC approved Cboe binary options tied to company metrics, letting traders take yes-or-no positions on specified performance figures. Approved metrics include Coinbase trading volume, MARA Bitcoin production, and Robinhood customer and revenue figures. The contracts must follow securities-market safeguards, while the SEC’s approval leaves potential CFTC jurisdiction over other structures. The U.S. Securities and Exchange Commission has approved Cboe to list binary options tied to company performance indicators, including metrics reported by Coinbase, Robinhood and MARA. The contracts allow traders to take yes-or-no positions on specific business figures rather than directly trading cryptocurrency prices.

Source: Crypto Front News