Regulation· ★★★· neutral·

SEC approves Cboe binary options on Coinbase volume and MARA Bitcoin output

  • —Coinbase metrics include transaction revenue, subscription revenue and total volume
  • —MARA metrics cover Bitcoin produced and total Bitcoin holdings
  • —Standard gross payout is $1; series launch and Robinhood eligibility unconfirmed
Why it matters: The approval gives traders a regulated way to bet on crypto firms' operating metrics without buying their shares directly.
Source: CryptoSlate