Big news from the financial world just dropped: Cboe is rolling out a fresh way to bet on Bitcoin and Ethereum. Starting November 10, investors can tap into new “continuous futures” for these top digital currencies. This isn’t just another product. It’s a major step for regulated crypto offerings in the U.S. market, designed to give investors long-term access.
Cboe Global Markets, a titan in the world of derivatives and securities exchanges, revealed these plans on Tuesday. Their Cboe Futures Exchange, or CFE, will host these new financial tools. The launch, set for November, still needs a green light from regulators.
Unlike standard futures contracts that expire regularly and need constant renewal, Cboe’s new offering is different. These are single contracts with a long, ten-year lifespan. Think of it: no more frequent “rolling over” of positions. This design aims to give U.S. investors steady, long-term exposure to Bitcoin (BTC) and Ethereum (ETH) prices. It also simplifies managing portfolios and cuts down on running costs.
Here’s how they’ll work: These futures will settle in cash. Their values will adjust daily, staying in sync with the current spot prices of Bitcoin and Ethereum. This daily tweak uses a clear “funding rate” method. It means traders can keep their positions open for as long as they want, helping them manage risks better, according to Cboe’s press release. You can read more about it directly from Cboe’s statement.
This approach mirrors “perpetual futures,” a trading style often found in less regulated, offshore markets. But Cboe is bringing this concept into a fully regulated, centralized, and supervised environment right here in the U.S. The Commodity Futures Trading Commission, or CFTC, will oversee these products.
Cboe Expands Its Crypto Offerings
This isn’t Cboe’s first rodeo with digital assets. As the largest options exchange in the U.S., they dipped their toes into crypto trading back in 2017 with Bitcoin contracts. They then ramped up their efforts in 2024, launching financially-margined futures for both Bitcoin and Ethereum. This made them the first regulated U.S. exchange and clearing house to offer such products.
Catherine Clay, Cboe’s Global Head of Derivatives, spoke about the product’s importance at the HOOD Summit in Las Vegas. She noted that “perpetual-style futures” are widely used in offshore markets. “Now,” she said, “Cboe is bringing that same tool to our regulated U.S. futures exchange. This lets American traders access these products with confidence in a trusted, transparent, and intermediated setting.”
Clay also pointed out that these futures will appeal to more than just big institutions and current CFE clients. She expects them to draw in a growing number of everyday investors keen on crypto derivatives.
A New and Regulated Launch
This launch is quite a big deal. It marks the first time a secure and accessible version of crypto perpetual futures will be available on a regulated U.S. exchange. The crypto market is growing fast, and there’s a huge demand for ways to manage risk and speculate. Cboe’s move fits right into this trend.
The new contracts will be cleared through Cboe Clear U.S., a CFTC-regulated clearing organization. This boosts Cboe’s compliance capabilities. Also, these new futures will join CFE’s current lineup, which includes futures on the VIX volatility index and other stock and global bond volatility products. This move strengthens Cboe’s whole derivatives ecosystem.
To make sure everyone understands these new products, Cboe’s Options Institute will run public educational courses. These classes on continuous futures will happen on October 30 and November 20, just after the November 10 launch.
The company sees this as a way to broaden its offerings and reach more people in the booming digital asset space. It comes at a time when the regulatory mood seems to be shifting favorably under Donald Trump’s administration. By taking this step, Cboe helps put the U.S. squarely on the map as a top spot for regulated crypto trading worldwide. It could even pull capital back that previously flowed into foreign markets.