Cboe Global Markets is set to roll out continuous futures for Bitcoin and Ethereum on November 10, 2025, pending approval from regulators. According to the press release, the new contracts aim to give U.S. traders long-term exposure to the two largest cryptocurrencies.
Catherine Clay, Cboe’s Global Head of Derivatives, said the products will offer a “trusted, transparent and intermediated environment” for both institutional and retail traders. The contracts will be available through Cboe Futures Exchange and will be cleared by Cboe Clear U.S., a CFTC-regulated clearinghouse.
The continuous futures are designed to work like perpetual-style contracts and will have a 10-year expiration. They will be cash-settled and updated daily to match real-time Bitcoin and Ethereum spot prices. This structure reduces the need for traders to constantly roll positions and simplifies management.
The products are part of Cboe’s plan to expand its offerings for all types of market participants. Clay noted that perpetual-style futures have been popular in offshore markets, and this launch will bring the same utility to the U.S. in a regulated framework.
Cboe expects the continuous futures to appeal to institutional participants, existing CFE customers, and retail traders interested in crypto derivatives. The contracts will allow traders to execute strategies, manage risks, and gain market exposure in a U.S.-regulated environment.
Clay added that these futures are the next step in advancing Cboe’s innovation roadmap. The company continues to build on its history of offering diverse products, including its flagship VIX futures and other innovative derivatives.
The launch comes ahead of an SEC and CFTC roundtable discussing whether perpetual contracts can operate under U.S. rules. If approved, these contracts could be among the first perpetual-style products on a regulated U.S. exchange.
Cboe also plans to host educational courses on continuous futures on October 30 and November 20, open to the public. These sessions will help traders understand the product structure and benefits.
With these new offerings, Cboe aims to give U.S. traders a simpler way to participate in digital assets while staying in a regulated and safe environment. The exchange is positioning itself to meet growing interest in crypto derivatives and make long-term exposure more accessible.
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