🚨NEW: The SEC has approved @Cboe to list binary options tied to KPIs (key performance indicators) reported by public companies, including @coinbase, @RobinhoodApp and @MARA.

The contracts let traders take yes/no positions on metrics like Coinbase trading volume, Marathon’s BTC production and Robinhood’s customer and revenue numbers.

Robinhood is expected to be the first retail broker to offer them.

For crypto, this creates a new way to trade crypto-linked company performance beyond betting directly on $BTC’s price. The SEC approved this specific securities-options structure, while leaving room for differently structured contracts to fall under CFTC jurisdiction.

@SECPaulSAtkins called it “a new spirit of harmonization, innovation, and investor choice.”