Cboe Eyes U.S. Launch of Long-Duration Crypto Futures in November
Cboe Global Markets said Tuesday it plans to introduce “Continuous futures” for bitcoin (BTC) and ether (ETH) on November 10, subject to regulatory approval. The contracts are modeled on perpetual futures widely traded overseas but structured to fit U.S. rules.
Unlike traditional monthly or quarterly futures, Continuous contracts will run for up to 10 years, cutting the need for constant position rolling. Each contract will be cash-settled in dollars and adjusted daily to reflect spot prices via a funding-rate mechanism.
The new design aims to provide traders with a cost-efficient way to maintain long-term crypto exposure. “Perpetual-style futures have been embraced on offshore venues,” said Catherine Clay, Cboe’s head of derivatives. “We see strong potential demand from institutions, existing clients, and retail traders seeking regulated access to crypto derivatives.”
Cboe said the contracts will clear through Cboe Clear U.S., a CFTC-supervised clearinghouse, ensuring regulatory oversight.
If approved, the product would mark the first U.S.-regulated offering resembling perpetual futures, expanding institutional and retail access to bitcoin and ether derivatives.
