Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today announced plans to launch Cboe Continuous futures on Cboe Futures Exchange, LLC (CFE) beginning November 10, 2025, pending regulatory review.
The new product suite will debut with bitcoin and ether Continuous futures, offering U.S. traders a simpler and efficient way to gain long-term exposure to digital assets, execute trading strategies and manage risk – all within a U.S.-regulated, centrally cleared and intermediated framework.
Unlike traditional futures contracts that may require periodic rolling, Cboe Continuous futures are planned to be structured as single, long-dated contracts with a 10-year expiration, reducing the need to roll positions over time and simplifying position management. These contracts will be cash-settled and aligned to real-time spot market prices (i.e., spot prices of bitcoin and ether, respectively) through daily cash adjustments, using a transparent and replicable funding rate methodology.
At the HOOD Summit in Las Vegas, Catherine Clay, Global Head of Derivatives at Cboe, remarked: “Perpetual-style futures have gained strong adoption in offshore markets. Now, Cboe is bringing that same utility to our U.S.-regulated futures exchange and enabling U.S. traders to access these products with confidence in a trusted, transparent and intermediated environment. We expect Continuous futures to appeal to not only institutional market participants and existing CFE customers, but also to a growing segment of retail traders seeking access to crypto derivatives. As we continue to expand CFE’s offerings to serve all types of market participants, these futures are a next step to advancing our product innovation roadmap.”
The launch builds on Cboe’s ongoing commitment to further growing and diversifying its CFE product suite, which in addition to its flagship Cboe Volatility Index (VIX) futures include innovative products based on equity volatility, digital assets and global fixed income.
The new bitcoin and ether Continuous futures will be cleared through Cboe Clear U.S., a CFTC-regulated derivatives clearing organization, positioning Cboe to further expand its clearing capabilities as it looks to build a robust global derivatives exchange and clearing ecosystem.
