Cboe Plans November Launch of ‘Continuous’ Bitcoin and Ether Futures
Cboe Global Markets is preparing to roll out a new class of derivatives that bring a U.S.-regulated alternative to the perpetual futures popular on offshore crypto exchanges.
The exchange said it intends to list “Continuous futures” contracts for bitcoin (BTC) and ether (ETH) on November 10, pending approval from the Commodity Futures Trading Commission (CFTC).
Unlike standard futures, which settle monthly or quarterly, Continuous futures can run for up to a decade, eliminating the need for traders to repeatedly roll over positions. Each contract will be cash-settled in dollars, with daily adjustments against spot prices through a transparent funding-rate model.
Catherine Clay, Cboe’s head of derivatives, said the products are designed to bridge global demand with regulatory compliance: “Perpetual-style futures have proven highly popular in offshore markets. We believe our Continuous futures will resonate with institutional participants, existing CFE clients, and retail traders alike.”
Clearing will take place through Cboe Clear U.S., which operates under CFTC oversight. If approved, the launch would mark the first regulated U.S. futures offering that mirrors the structure of perpetual contracts, potentially opening the door to broader institutional adoption.
