Cboe Global Markets is preparing to introduce “continuous futures” contracts for Bitcoin and Ether, bringing a well-known decentralized finance trading product into the US market.
The derivatives exchange, part of the Chicago Board Options Exchange, announced Tuesday that the contracts are scheduled to launch on November 10, pending regulatory approval.
These continuous futures will give US traders access to single, long-dated contracts with a 10-year expiration, aiming to reduce the need for frequent rollovers and simplify position management.
While traditional futures require periodic rolling, continuous futures operate more like perpetual contracts—widely used in DeFi and offshore exchanges—by minimizing rollover complexities.
The new contracts will be cash-settled and tied to spot prices of Bitcoin (BTC) and Ether (ETH) through transparent funding mechanisms.
“Perpetual-style futures have seen significant adoption in offshore markets. Now, Cboe is bringing that same functionality to a US-regulated futures exchange,” said Catherine Clay, Cboe’s Global Head of Derivatives.
More Exotic Crypto Derivatives
The new continuous futures mark a departure from Cboe’s earlier Bitcoin futures, first introduced in 2017, and signal the exchange’s renewed push into crypto derivatives after a period of retreat.
While US regulators had long blocked exchanges from offering such products, a shift toward a more permissive stance during the Trump administration opened the door for innovative crypto derivatives to emerge.
Bitnomial and Coinbase Lead the Way
Cboe is not the first to bring perpetual-style contracts to US markets. Bitnomial introduced the country’s first perpetual futures in April, while Coinbase followed in July with its nano Bitcoin and nano Ether perpetual contracts.
