The Chicago Board Options Exchange (Cboe) recently resubmitted its applications to list and trade several cryptocurrency-based exchange-traded funds (ETFs). The applications were originally filed in June 2018, but the U.S. Securities and Exchange Commission (SEC) has yet to approve them. This time, however, Cboe has named Coinbase as its surveillance partner.

Cryptocurrency ETFs have been a hot topic in the financial world for some time now. They would allow investors to gain exposure to the cryptocurrency market without having to buy and store digital assets directly. This would make it easier for investors to diversify their portfolios and gain exposure to the cryptocurrency market without having to worry about the security of their investments.

The SEC has yet to approve any cryptocurrency ETFs, citing concerns about market manipulation and investor protection. Cboe’s decision to name Coinbase as its surveillance partner is an attempt to address these concerns. Coinbase is one of the largest and most reputable cryptocurrency exchanges in the world and its presence could help to ensure that any potential ETFs are compliant with SEC regulations.

Coinbase will provide Cboe with data on the underlying assets of the ETFs, as well as data on trading activity on Coinbase’s exchange. This data will be used to monitor the ETFs for any signs of manipulation or other irregularities. Coinbase will also provide Cboe with access to its fraud detection systems, which will help to protect investors from any potential scams or other fraudulent activities.

The decision to name Coinbase as its surveillance partner is a positive step forward for Cboe and could help to increase the chances of its ETF applications being approved by the SEC. It remains to be seen whether or not the SEC will approve Cboe’s applications, but this move could be a sign that the agency is taking a more open-minded approach to cryptocurrency ETFs.

In any case, Cboe’s decision to name Coinbase as its surveillance partner is a positive development for the cryptocurrency industry as a whole. It shows that major financial institutions are taking cryptocurrencies seriously and are willing to work with them in order to ensure that any potential ETFs are compliant with SEC regulations. This could be a sign of things to come and could open the door for other financial institutions to enter the cryptocurrency space.