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U.S. SEC approves KPI-linked options for crypto-related stocks, launch expected this month

The U.S. Securities and Exchange Commission has approved options linked to key performance indicators for 23 listed crypto-related companies including Coinbase, Robinhood and Mara. Payouts depend on whether preset KPI thresholds are met rather than earnings releases. The contracts are to be listed by Cboe Global Markets and pay $1 if the prediction is correct. Trading cannot begin until Cboe Clear U.S. completes a separate registration step.