The SEC approves Cboe's listing of binary options linked to key performance indicators of Coinbase, Robinhood, and MARA. Traders can establish "yes" or "no" positions based on Coinbase trading volume, MARA Bitcoin production, Robinhood customer numbers, and revenue. Robinhood is expected to become the first retail broker to offer such products. The SEC approved the option structure of the security and stated that contracts with different structures may still be under the jurisdiction of the CFTC. SEC Chairman Paul S. Atkins stated that this move reflects a new spirit of coordination, innovation, and investor choice. (Source: Fox Business)
