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

cryptonews10-15

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 ...

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href=https://crypto.news/sec-approves-binary-options-tied-to-coinbase-volume-and-bitcoin-mining-output/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://crypto.news/sec-approves-binary-options-tied-to-coinbase-volume-and-bitcoin-mining-output/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09311","symbol_name":"南方两倍做空Coinbase-U","start_time":0,"source_url":"https://crypto.news/sec-approves-binary-options-tied-to-coinbase-volume-and-bitcoin-mining-output/","article_id":"2675067453","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/sec-approves-binary-options-tied-to-coinbase-volume-and-bitcoin-mining-output/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2675067453","pubTimestamp":1792047519,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"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.SEC Chairman Paul Atkins said the approval applies only to the specified exchange traded contracts and does not restrict CFTC oversight of differently structured products.The contracts allow traders to take positions on whether a specified financial or operatio","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"09311":"南方两倍做空Coinbase-U","COIA":"ProShares Ultra Coin ETF","WGMI":"比特币矿商ETF-CoinShares","BLCK":"Corgi Crypto Infrastructure 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交易量和比特币挖矿产量挂钩的二元期权","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/ec5f58f725c4e99d6bbe97cd2e8ebad2","symbols_score_info":{"COIA":0.6,"MNRS":0.6,"COIX":0.6,"BLCK":0.6,"WGMI":0.6,"MAAY":0.6,"OWNB":0.6,"COIW":0.6,"BITQ":0.6,"MRAL":0.6,"07711":0.6,"09311":0.6,"COIG":0.6,"COIN":1.97,"MARO":0.6,"COYY":0.6,"CONL":0.6,"FINX":0.6,"FDIG":0.6,"09711":0.6,"MARA":1.91,"COII":0.6,"IMRA":0.6,"MHX":0.6,"FIAT":0.6,"CONX":0.6,"IBLC":0.6,"ICOI":0.6,"BKCH":0.6,"COIO":0.6,"CONY":0.6,"07311":0.6,"CONI":0.6},"content_text":"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.\n\n\nSummary\n\n\n\nThe SEC has approved binary options tied to corporate performance metrics, including Coinbase trading volume, MARA Bitcoin production and Robinhood financial data.\nThe contracts will settle in cash at expiration and remain subject to existing securities exchange rules covering margin requirements, trading halts and market makers.\nInvestors can take positions on whether specified company performance targets will be met, with fixed payouts determined by the terms of each contract.\nSEC Chairman Paul Atkins said the approval applies only to the specified exchange traded contracts and does not restrict CFTC oversight of differently structured products.\n\n\n\nIn an October 13 statement, SEC Chairman Paul Atkins said the Commission had voted to approve a securities exchange rule change covering standardized options linked to key performance indicators reported by publicly traded companies.\nThe contracts allow traders to take positions on whether a specified financial or operational target will be met. Each binary option pays a predetermined amount when its conditions are satisfied, with settlement taking place in cash at expiration.\nCompanies covered by the proposal include Coinbase, Robinhood and Bitcoin miner MARA, placing several cryptocurrency businesses among the issuers whose reported performance can serve as the basis for the contracts.\nSEC approval covers Coinbase trading volume and mining metrics\nCoinbase’s eligible performance indicators include total trading volume, transaction revenue, total revenue, subscription and services revenue, and diluted net income per share.\nInvestors could use the new contracts to trade on whether the exchange reports figures above or below specified thresholds during a given reporting period.\nFor Bitcoin miner MARA, the covered indicators include Bitcoin production, allowing contracts to reference operational results instead of the market price of Bitcoin itself.\nRobinhood’s customer activity and revenue figures are among the performance measures available for similar contracts.\nUnlike ordinary stock options, which generally derive their value from the price of an underlying security, the approved binary options reference reported company metrics.\nA contract tied to Coinbase’s quarterly trading volume, for example, would depend on whether the company reports a figure that satisfies the contract’s specified condition.\nThe exchange would determine the relevant thresholds and contract terms under its approved listing rules. Traders would receive the fixed payout if the condition was met, while contracts that failed to meet the condition would expire without that payout.\nUnder the approved structure, the options are European style, meaning they can be exercised only at expiration.\nThe products are classified as National Market System securities and will trade on a regulated securities exchange under rules governing standardized options.\nBinary KPI options remain subject to securities protections\nThe SEC’s approval requires the new products to operate within the existing securities exchange framework.\nAccording to Atkins, the contracts will be listed and traded in substantially the same manner as conventional standardized options already available on securities exchanges.\nExchange rules governing customer accounts and margin requirements will apply to the products, alongside procedures covering trading halts and auction mechanisms.\nMarket makers will operate under exchange appointment and quoting requirements, while orders will be subject to existing rules for order types, execution instructions and time-in-force conditions.\nAtkins said the application of these rules provides core investor protections under federal securities laws.\nThe regulatory treatment means that the contracts will not operate as unrestricted wagers on company performance. They will instead be subject to the exchange’s approved rules and the securities regulations applicable to their structure.\nThe SEC’s decision concerns the listing and trading of specified contracts. It does not authorize every possible financial product tied to the same company indicators.\nSEC decision leaves CFTC authority over other contracts intact\nAlthough the SEC has approved the specified KPI options, the agency has not ruled on contracts using identical performance indicators under different legal structures.\nAtkins said the approval order applies solely to the particular standardized options traded on a securities exchange that complies with federal securities laws.\nProducts designed to fall under the Commodity Futures Trading Commission’s jurisdiction remain outside the scope of the decision.\nIn February, Atkins had raised the question of SEC oversight for certain prediction markets during a Senate Banking Committee hearing, as crypto.news previously reported.\nAt the hearing, he described prediction markets as an area where the two federal regulators could have overlapping authority. He said the legal treatment of individual products could depend on how their contracts were structured.\nRegulatory boundaries became the subject of a joint SEC and CFTC consultation in June, when the agencies requested public feedback on definitions covering swaps, security-based swaps and related derivatives.\nThe consultation examined existing exclusions, products potentially subject to both agencies and questions concerning regulatory compliance.\nMore recently, the CFTC submitted two prediction market rules for White House review on September 28.\nOne proposal would define swaps to include event contracts, while a separate interim final rule would exclude casino-style gambling products.\nAtkins addressed the agencies’ history of jurisdictional disagreements in his October 13 statement, saying the disputes had prevented certain financial products from reaching U.S. markets.\nHe described the SEC’s latest approval as part of a new approach based on regulatory cooperation and investor choice.\nCoinbase and MARA financial results provide reference points\nCorporate performance figures covered by the approved contracts are already disclosed through companies’ financial and operational reports.\nCoinbase reported a second-quarter 2026 net loss of $359.5 million, while total revenue fell 18.5% from a year earlier to $1.22 billion.\nDespite the decline in revenue, the exchange’s share of global crypto trading reached 10.3%, compared with 9.1% in the preceding quarter, according to its July 31 earnings coverage.\nThe figures illustrate the types of reported company data that can be referenced by KPI contracts, although the SEC approval does not establish a specific trading threshold based on those results.\nMARA’s operational figures provide another set of measurable indicators.\nIn its August 6 second-quarter earnings release, the Bitcoin miner reported production of 2,422 BTC, up 3% from a year earlier.\nThe company recorded $174.9 million in revenue and a $611.3 million net loss during the quarter. Its Bitcoin holdings stood at 35,577 BTC at the end of June, following a 29% year-over-year decline.\nMARA reported an energized hashrate of 70.3 EH/s during the same period and sold 2,213 BTC.\nThe approved options framework allows exchanges to develop contracts referencing specified reported indicators, subject to the terms and conditions permitted under their rules.\nAtkins said the SEC’s order does not prevent the CFTC from exercising its authority over contracts tied to the same corporate data when those products are structured under commodities law.\n\n\n\n\n\n                Read more:\n            \n\n                South Korea plans tougher crypto security after 16 hacks","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"policyRegulatory","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.0","shortVersion":"4.52.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2675067453","isCrawlerRequest":true}