James Richardson
Cboe Global Markets announced plans to launch continuous Bitcoin and Ethereum futures, marking a major step for U.S.-regulated crypto derivatives. Unlike standard futures that require regular rollovers, these contracts are designed to last up to 10 years, offering traders a simpler way to manage long-term positions.
According to Cboe, the contracts will be cash-settled and linked to spot market prices through daily adjustments. The exchange will use a transparent funding rate methodology to ensure accurate pricing. Pending regulatory approval, trading is scheduled to begin on November 10.
Bringing Perpetual-Style Futures to the U.S.
Perpetual futures have long been popular in offshore markets. Now, Cboe is introducing a similar product under a U.S.-regulated framework, aiming to provide traders with greater confidence and security.
“By launching these futures, we’re giving U.S. participants access to the same utility seen abroad, but within a trusted and transparent environment,” said Catherine Clay, Global Head of Derivatives at Cboe.
Cboe’s Renewed Push Into Crypto
Cboe, originally known as the Chicago Board Options Exchange, was the first U.S. exchange to offer Bitcoin futures back in 2017. However, it paused new listings in 2019 when demand fell during a market downturn. Recently, amid renewed crypto momentum, Cboe has been aggressively pursuing digital asset ETFs and expanding its crypto offerings.
Clearing and Market Access
The new Bitcoin and Ethereum futures will be cleared through Cboe Clear U.S., a CFTC-regulated derivatives clearing organization. Clay emphasized that these products are designed to appeal not only to institutional investors and existing clients but also to the growing base of retail traders eager to trade crypto derivatives.
