New York Stock Exchange (NYSE) Arca files with the U.S. SEC to list binary KPI options, with underlying assets covering corporate earnings metrics including Coinbase

Odaily reports: NYSE Arca has submitted a rule change application to the U.S. SEC to list binary KPI options. The product uses key operating metrics from corporate earnings reports as underlying assets and adopts an all-or-nothing binary cash settlement method.

The first batch is proposed to include 23 companies, including Coinbase's transaction revenue, trading volume, and subscription revenue, as well as Marathon Digital Holdings' Bitcoin production, holdings, and hash rate, among other metrics. The product allows investors to trade on individual earnings metrics, with a mechanism somewhat similar to prediction markets.

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