Rebecca Cruz Cboe Global Markets is set to launch Bitcoin and Ether Continuous Futures, bringing regulated perpetual-style exposure to US traders with daily cash adjustments and 10-year terms.
Cboe introduces long-term crypto exposure through Continuous Futures
Cboe Global Markets is gearing up to reshape the United States crypto derivatives market with the launch of its new Bitcoin and Ether Continuous Futures. Slated to go live on December 15, the product will give traders regulated access to long-term exposure similar to perpetual contracts, while operating fully within the framework of US financial regulations.
The Continuous Futures are designed with a 10-year term and feature daily cash adjustments to mirror the economics of perpetual contracts. This innovative structure eliminates the need to roll over expiring positions, a process often seen as inefficient and costly in traditional futures markets.
By offering a regulated avenue for perpetual-style trading, Cboe is opening the door for institutional and professional traders who have long been seeking capital-efficient tools to gain exposure to digital assets such as Bitcoin and Ether.
How the new structure brings Wall Street precision to crypto markets
Cboe’s Continuous Futures aim to replicate the flexibility of perpetual futures while adhering to the strict oversight of the Commodity Futures Trading Commission (CFTC). These contracts will be cleared through Cboe Clear US, which reduces counterparty risk and ensures transparency in margin requirements and settlement.
Traders will be able to engage in nearly round-the-clock trading 23 hours a day, five days a week pending final regulatory approval. The design allows for capital efficiency, volatility hedging, and short exposure, offering the same financial precision that investors are accustomed to in traditional futures markets.
The launch represents a strategic expansion of Cboe’s role in the global crypto ecosystem, combining Wall Street-grade infrastructure with crypto market innovation. The inclusion of Bitcoin and Ether as the first assets reinforces their status as the foundational instruments of digital finance.
A new chapter in US crypto derivatives regulation
The arrival of these contracts comes at a pivotal time for US crypto regulation. Under President Donald Trump’s administration, regulators have signaled a more open stance toward digital asset markets. The Commodity Futures Trading Commission has been exploring the mechanics of perpetual derivatives, seeking feedback on their potential benefits and risks in trading and clearing environments.
The CFTC’s request for public comment earlier this year marked a significant shift, reflecting Washington’s growing interest in understanding how perpetual-style instruments can function under US law while maintaining market integrity and customer protection.
Cboe’s move aligns with this evolving regulatory narrative, positioning itself as one of the first major US exchanges to bridge the gap between traditional financial systems and the dynamic world of crypto trading.
Rising competition in the crypto futures landscape
The crypto derivatives space has been heating up in 2025. In March, Bitnomial made headlines by launching the first CFTC-regulated XRP futures in the United States, while Coinbase followed in July with plans for nano-sized Bitcoin and Ether perpetual contracts.
Global open interest in perpetual futures has surged, with Monday’s data from CoinMarketCap showing a staggering $767 billion locked into these contracts. The growing demand underscores the appetite for leveraged and perpetual exposure to digital assets something Cboe is strategically capitalizing on.
Cboe’s Continuous Futures could provide a crucial link between institutional investors seeking regulated market access and retail participants looking for reliable, transparent trading venues. The introduction of this product may also encourage broader participation from traditional funds and corporations previously hesitant to engage with offshore or unregulated exchanges.
Bridging the divide between traditional finance and digital assets
Cboe’s entry into the perpetual-style crypto futures market signals a new era where the boundaries between traditional finance and crypto innovation continue to blur. The exchange’s regulated framework, combined with its extensive experience in derivatives and equities markets, could set a new benchmark for how Bitcoin and Ether are traded in the United States.
By providing a compliant pathway for long-term exposure, Cboe not only enhances investor confidence but also advances the integration of digital assets into the mainstream financial system. As perpetual-style products become a fixture in regulated markets, the adoption of digital assets across institutional portfolios may accelerate dramatically.
In essence, Cboe’s Continuous Futures mark a defining moment for US crypto regulation, offering traders a powerful new tool to engage with Bitcoin and Ether in a secure, transparent, and capital-efficient manner.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
