{"id":14632,"date":"2026-10-18T20:51:47","date_gmt":"2026-10-18T20:51:47","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14632"},"modified":"2026-10-18T20:51:47","modified_gmt":"2026-10-18T20:51:47","slug":"sec-approves-coinbase-earnings-bets-with-final-settled-payouts","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14632","title":{"rendered":"SEC approves Coinbase earnings bets with final settled payouts"},"content":{"rendered":"<p><\/p>\n<div data-cs-editorial-figure-scope=\"\" data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>The SEC approved rules allowing options exchange Cboe to list binary options on Coinbase trading volume and Bitcoin miner MARA&#8217;s production. Once those contracts have expired and settled, a later correction to the company&#8217;s reported figure will not change the payout.<\/p>\n<p>The order is dated Oct. 13, 2026, and was published in the Federal Register on Oct. 16. Trading availability for the specific Coinbase and MARA series, and eligibility for Robinhood customers, remained unconfirmed as of Oct. 17.<\/p>\n<p>The eligible metrics include Coinbase&#8217;s transaction revenue and subscription and services revenue, alongside total trading volume. MARA&#8217;s permitted metrics include Bitcoin produced and total Bitcoin holdings.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Why Nasdaq surveillance cannot settle the fight over 24\/7 tokenized markets<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>Ordinary settlement uses the designated metric for the specified reporting period in the company&#8217;s earnings-related SEC filing. Cboe sets the metric and reporting period when listing the option, giving each contract a particular figure to resolve against.<\/p>\n<p>A call pays when that reported figure equals or exceeds the contract&#8217;s threshold; a put pays when it falls below it. The standard gross payout is $1, subject to adjustments and alternative settlement rules. The buyer&#8217;s profit or loss also depends on the purchase price and any applicable trading costs.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Coinbase rolls out 10x spot leverage, but blocks US retail from it<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>The restatement provision applies after both expiration and settlement. A later correction leaves the settlement value and the amount paid or unpaid unchanged. An option that settled without a payout therefore does not gain one because the company subsequently revises its number across the threshold. The same finality applies to an amount already paid.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter cs-newsletter-brand\" data-newsletter-edition=\"catalyst\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\">\n<div class=\"cs-inline-newsletter__editorial\">\n<p class=\"cs-inline-newsletter__eyebrow\">The Catalyst<\/p>\n<p class=\"cs-newsletter-frequency\">Daily Newsletter<\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">Know what\u2019s moving crypto.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Start with the stories that matter. Get the context behind the headlines and a clear view of what to watch next.<\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__art\" aria-hidden=\"true\"> <img loading=\"lazy\" src=\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/images\/catalyst-newsletter-scrapbook-v3.webp\" alt=\"\" width=\"640\" height=\"640\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" src=\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/images\/catalyst-newsletter-scrapbook-v3.webp\" alt=\"\" width=\"640\" height=\"640\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter shoggoth-infographic shoggoth-infographic-portrait wp-image-573445\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7c82d361-bab9-4adc-968a-f8463bb56890.png\" alt=\"Flow of Coinbase and MARA KPI contracts from SEC-filed metric to threshold settlement, followed by an unchanged payout after a later restatement; missing figures may delay processing or invoke alternative clearing procedures.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7c82d361-bab9-4adc-968a-f8463bb56890.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7c82d361-bab9-4adc-968a-f8463bb56890-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7c82d361-bab9-4adc-968a-f8463bb56890-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7c82d361-bab9-4adc-968a-f8463bb56890-768x960.png 768w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\"\/><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"lazyload aligncenter shoggoth-infographic shoggoth-infographic-portrait wp-image-573445\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7c82d361-bab9-4adc-968a-f8463bb56890.png\" alt=\"Flow of Coinbase and MARA KPI contracts from SEC-filed metric to threshold settlement, followed by an unchanged payout after a later restatement; missing figures may delay processing or invoke alternative clearing procedures.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7c82d361-bab9-4adc-968a-f8463bb56890.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7c82d361-bab9-4adc-968a-f8463bb56890-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7c82d361-bab9-4adc-968a-f8463bb56890-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7c82d361-bab9-4adc-968a-f8463bb56890-768x960.png 768w\" data-sizes=\"(max-width: 720px) 100vw, 720px\"\/><\/p>\n<p>A delayed disclosure can postpone settlement processing while the clearinghouse waits for the metric. Trading still stops on the scheduled expiration date, and that date does not change.<\/p>\n<p>Other cases can trigger alternative clearing procedures, including when a metric will not become available. Those procedures may use the option&#8217;s last closing price as the settlement amount, producing a different result from the ordinary all-or-nothing payout.<\/p>\n<p>If the closing price is unavailable or the clearinghouse Cboe Clear U.S. judges it unreliable, the option can expire unexercised and worthless.<\/p>\n<p>Cboe&#8217;s Sept. 30 announcement planned an October rollout across 23 companies, subject to regulatory approval, with Robinhood named as the first retail broker at launch. An Oct. 8 update reiterated the conditional plan.<\/p>\n<p>The approval record also contains Cboe&#8217;s commitment to wait until applicable Cboe Clear U.S. filings and documents are approved or effective following SEC review before listing the options.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Coinbase just completed its US derivatives stack but its biggest bet still sits outside it<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<\/div>\n<p>Derivatives,Featured,Regulation,Trading,Bitcoin,cboe,Coinbase,mining,regulation,RobinhoodBitcoin,cboe,Coinbase,mining,regulation,Robinhood#SEC #approves #Coinbase #earnings #bets #final #settled #payouts1792356707<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC approved rules allowing options exchange Cboe to list binary options on Coinbase trading volume and Bitcoin miner MARA&#8217;s production. Once those contracts have expired and settled, a later correction to the company&#8217;s reported figure will not change the payout. The order is dated Oct. 13, 2026, and was published in the Federal Register<\/p>\n","protected":false},"author":1,"featured_media":14633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[3985,1360,91,2518,84,2510,337,447,1289,389,1923,517,5090],"class_list":["post-14632","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-approves","tag-bets","tag-bitcoin","tag-cboe","tag-coinbase","tag-earnings","tag-final","tag-mining","tag-payouts","tag-regulation","tag-robinhood","tag-sec","tag-settled"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC approves Coinbase earnings bets with final settled payouts - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"SEC-approved Coinbase earnings bets keep settled payouts after later corrections, with separate rules for missing company figures.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=14632\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC approves Coinbase earnings bets with final settled payouts\" \/>\n<meta property=\"og:description\" content=\"SEC-approved Coinbase earnings bets keep settled payouts after later corrections, with separate rules for missing company figures.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=14632\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-18T20:51:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/coinbase-mara-expiration-hourglass.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14632\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=14632\",\"name\":\"SEC approves Coinbase earnings bets with final settled payouts - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14632#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14632#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/coinbase-mara-expiration-hourglass.webp\",\"datePublished\":\"2026-10-18T20:51:47+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"SEC-approved Coinbase earnings bets keep settled payouts after later corrections, with separate rules for missing company figures.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14632#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=14632\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14632#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/coinbase-mara-expiration-hourglass.webp\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/coinbase-mara-expiration-hourglass.webp\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14632#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SEC approves Coinbase earnings bets with final settled payouts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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