Cboe Plans to Offer ‘Continuous’ Futures for Bitcoin, Ether
Cboe is preparing to launch some of crypto’s most popular derivatives on a regulated U.S. platform, with a targeted rollout date of November 10, pending regulatory approval. The move is set to bring greater structure, oversight, and credibility to digital asset trading within the U.S. market, providing investors with access to products that are already widely used globally but have lacked a regulated home in the country.
At the center of this launch are long-dated, perpetual-style derivatives. These products are designed to reduce the challenges and frictions traders typically face when rolling contracts forward. By adapting the structure to meet U.S. regulatory requirements, Cboe aims to create a smoother, more efficient experience for institutional and retail participants, bridging the gap between crypto innovation and compliance.
What are Cboe continuous Bitcoin and Ether futures?
Cboe continuous Bitcoin and Ether futures are long-dated, perpetual-style contracts that never require taking delivery of BTC or ETH. Instead, they use daily price adjustments to keep exposures fresh, letting traders maintain positions without the monthly roll headaches of traditional futures.
How the contracts work
Cboe’s design targets the best of both worlds: the convenience of perps with the guardrails of a U.S. clearinghouse.
Long tenor (10-year) contracts with daily price adjustments
Cleared through Cboe’s U.S.-regulated clearinghouse
Aims to eliminate rolling while preserving familiar futures mechanics
Built to fit U.S. market rules and broker workflows
By packaging these features, Cboe continuous Bitcoin and Ether futures seek to streamline access for institutions and sophisticated retail traders.
Why it matters for U.S. crypto markets
Perpetual futures dominate offshore crypto venues and regularly drive the majority of derivatives volume. Bringing that structure onshore in a regulated format could:
Lower operational frictions (no monthly rolls)
Improve capital efficiency via consistent exposure
Offer clearer counterparty and clearing protections
Expand access for U.S.-based market participants
If adoption is strong, Cboe continuous Bitcoin and Ether futures could become a key reference venue for hedging, basis trades, and directional strategies.
A crowded race for perpetual-style products
Cboe’s move follows a broader shift among established exchanges to adapt crypto perps for mainstream use. Competing initiatives from major crypto exchanges’ regulated offerings to other global bourses piloting institutional-only products signal rising demand for Cboe continuous Bitcoin and Ether futures–style access with traditional market safeguards.
SEC, CFTC, and market structure
U.S. regulators continue to evaluate perpetual-style instruments, market-wide 24/7 trading, and novel product categories. Cboe’s approach daily adjusted, long-dated contracts that clear through a U.S. DCO seeks to align with that evolving framework. As the dialogue advances, Cboe continuous Bitcoin and Ether futures could serve as a template for risk controls, disclosures, and surveillance in crypto derivatives.
What traders should watch next
Final regulatory approvals and any rule filings or product notices
Contract specs: tick size, fees, margin, funding/adjustment methodology
Liquidity programs and market-maker commitments
Basis behavior vs. spot and legacy monthly futures
Interplay with existing ETF markets and OTC hedging
Bottom line
If approvals come through on schedule, Cboe plans to introduce continuous Bitcoin and Ether futures to U.S. markets. These contracts would provide traders with a tool that closely mirrors the popular perpetual futures seen offshore but in a regulated environment. This could mark a significant step in making advanced crypto trading strategies more accessible within U.S. borders.
By eliminating the compromises often associated with offshore platforms, Cboe’s offering would give investors a compliant and reliable way to manage long-term exposure. The move has the potential to reshape how both institutions and retail participants approach crypto derivatives in the U.S.
FAQs
Q1. When will Cboe continuous Bitcoin and Ether futures launch?
A . Pending approvals, Cboe targets a Nov. 10 launch for Cboe continuous Bitcoin and Ether futures, offering long-dated, daily-adjusted exposure.
Q2 . How do Cboe continuous Bitcoin and Ether futures differ from monthly futures?
A . They’re long-dated with daily price adjustments, so traders avoid monthly rolls while retaining futures-style margining and clearing.
Q3 . Are Cboe continuous Bitcoin and Ether futures the same as offshore perps?
A . They’re perp-like but U.S.-cleared and designed to fit domestic rules, emphasizing transparency, surveillance, and standardized risk controls.
Q4 . Who benefits most from Cboe continuous Bitcoin and Ether futures?
A . Basis traders, hedgers, and institutions seeking stable exposure in a regulated venue with fewer roll costs and operational frictions.
Q5 . Will funding rates apply to Cboe continuous Bitcoin and Ether futures?
A . Details depend on final specs, but the design centers on daily price adjustments rather than the typical perp funding mechanism.