regulation and policy

US SEC Approves CBOE Binary Options Tied to Coinbase, Robinhood, and MARA

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The SEC approved the listing of binary options linked to performance metrics for 23 U.S.-listed companies, including Coinbase, Robinhood, and MARA Holdings. The contracts cover measures such as Coinbase trading volume, Robinhood customer count and revenue, and MARA’s bitcoin production and mining metrics. [52600] [51657]

Key claims & sources

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MARA-related contracts also cover holdings, blocks, and hashrate.
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MARA Holdings stock closed at $8.23 on October 14, down 9.66%.
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The SEC approved the listing of binary options tied to KPI measures for 23 U.S.-listed companies.
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The approved contracts include metrics for Coinbase trading volume, Robinhood customer count and revenue, and MARA bitcoin production.

What it means

Traders who follow Coinbase, Robinhood, and MARA now have a new set of exchange-listed contracts tied to those companies’ operating metrics. That changes what can be traded tomorrow morning: instead of only watching the stocks or broader crypto prices, the listed measures include trading volume, customer count, revenue, and mining figures.

Market reaction i

Total crypto marketall crypto assets combined no single asset in the event: read against the whole market
first headline
0.0% 2 h before
+0.1% 4 h after
$2.8Tmarket cap at publication
12data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 15 16:45
+18 h 30 m
Oct 16 11:15
CoinDesk context
Its angle: jurisdiction, differently, presentatio; with quotes

Has this happened before?

WhenWhat happenedFigure
23 days ago Cboe wins SEC approval to list options on company performance metrics event 4 actors in common · 3 news media
22 days ago SEC approves binary options tied to Coinbase volume and Bitcoin mining output event 2 actors in common · 2 news media
25 days ago Coinbase CEO Backs SEC Proposals to Broaden Retail Access to Private Markets event 2 actors in common · 2 news media
31 days ago CFTC opens path for true perpetual futures on US regulated exchanges event 2 actors in common · 2 news media
32 days ago SEC Clears Cboe to List Volatility Shares’ 3x Bitcoin and Ether Funds event 2 actors in common · 5 news media