The U.S. Securities and Exchange Commission granted accelerated approval on October 13, 2026, for Cboe Exchange to list binary options tied to reported key performance indicators at 23 public companies, including Coinbase Global, MARA Holdings and Robinhood Markets. The cash-settled, European-style contracts allow investors to take defined yes-or-no positions on company disclosures rather than stock prices or Bitcoin. A call pays $1 when a reported metric meets or exceeds its strike level, while a put pays $1 when the figure falls below the threshold; settlement uses figures in SEC filings and is not revised after a later restatement. Trading remains subject to approvals for Cboe Exchange and Cboe Clear U.S. filings. SEC Chair Paul S. Atkins said the order covers only the specified exchange-traded contracts and does not settle CFTC oversight of differently structured KPI products. The Clarity Act remains stalled in the Senate, leaving agencies to address crypto-linked market products through existing authority and product-specific decisions.