Cboe To Offer Continuous Bitcoin, Ethereum Futures

Cboe Global Markets announced the launch of “continuous futures” for Bitcoin and Ethereum, designed to mirror perpetual crypto futures. The derivatives, set to begin trading next month, will feature a 10-year lifecycle and daily cash adjustment.

Rob Hocking, Cboe Global Head of Derivatives, stated the offering aims to expand access to products historically traded offshore, within a U.S.-regulated environment. He cited growing customer demand as a key driver for the new offering. Perpetual futures, lacking expiration dates, are typically traded on centralized exchanges like Binance and Bybit, with decentralized alternatives gaining traction.

CME Group previously introduced “spot quoted futures” in June, also offering exposure to Bitcoin and Ethereum for up to five years. Traditional futures contracts have specific expiration dates requiring traders to roll positions, while perpetual futures allow indefinite speculation through periodic funding rate adjustments.

As of Monday, outstanding Bitcoin futures contracts totaled $65.8 billion, with CME responsible for $13 billion, followed by Binance at $12.5 billion, and Hyperliquid at $3 billion. Cboe is leveraging crypto analytics firm Kaiko for underlying price data.

Anne-Claire Maurice, Kaiko’s managing director of derived data, highlighted the products’ potential to address a need for institutional investors. “These continuous futures eliminate the operational friction of rolling positions while maintaining the transparency and oversight that regulated markets provide,” she said.

Cboe’s continuous futures aim to replicate the functionality of perpetual contracts while operating within a regulated U.S. market, providing an alternative to offshore trading venues.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.