SEC approves binary options tied to Coinbase volume and Bitcoin mining output

The U.S. Securities and Exchange Commission has approved the listing of binary options tied to corporate performance metrics, allowing investors to trade contracts based on figures such as Coinbase's trading volume and Bitcoin production by mining companies. The SEC has approved binary options tied to corporate performance metrics, including Coinbase trading volume, MARA Bitcoin production and Robinhood financial data. The contracts will settle in cash at expiration and remain subject to existing securities exchange rules covering margin requirements, trading halts and market makers. Investors can take positions on whether specified company performance targets will be met, with fixed payouts determined by the terms of each contract.

First reported by crypto.news. This page is a short excerpt; the full text is theirs.