Cboe Global Markets, a leading derivatives exchange based in Chicago, has announced the launch of continuous futures contracts for Bitcoin and Ether. The product is set to roll out on November 10, pending regulatory approval.
Launch of New Futures
Cboe Global Markets has reported the launch of continuous futures contracts for Bitcoin and Ether. The new product is expected to be implemented on November 10, subject to regulatory approval.
Contract Terms
The new contracts will be offered as long-dated futures with a 10-year expiration, allowing traders to avoid the need for periodic position rolling. These contracts will be cash-settled and aligned to market prices for Bitcoin and Ether.
Market Context
The launch of continuous futures marks Cboe's return to the cryptocurrency derivatives market after a period of reduced activity. It is worth noting that Cboe is not the only exchange offering such products in the U.S., as Bitnomial and Coinbase have already introduced their versions of futures contracts.
Cboe's introduction of new futures for Bitcoin and Ether may significantly impact the cryptocurrency market, opening up new opportunities for traders and investors.
