Traders will soon have U.S. binary options on whether COIN, HOOD, MARA can hit their targets: Crypto Daily
Summary
The SEC approved Cboe’s plan to list cash-settled binary options tied to performance metrics at 23 U.S. public companies, including Coinbase trading volume, Robinhood customers and revenue, and MARA bitcoin production. Contracts settle at expiration using figures in SEC filings. Cboe aims to list them this month, but trading depends on provisional registration for its clearing house and a pending application. Robinhood is expected to be the first retail brokerage to offer them. SEC Chair Paul Atkins said the approval does not cover similar CFTC-regulated contracts. Separately, bitcoin held near its 50-day moving average, supporting bullish expectations among some analysts.
