Cboe Global Markets has announced plans to introduce continuous futures for Bitcoin and Ethereum on its futures exchange set to start on November 10, 2025, pending regulatory approval.
Launch of Continuous Futures
Cboe Global Markets plans to introduce continuous futures for Bitcoin and Ethereum on November 10, 2025. These contracts aim to provide U.S.-regulated futures with a 10-year expiration and perpetual-style features, pending regulatory approval.
Impact on U.S. Crypto Derivatives Market
The launch could significantly transform the U.S. crypto market by providing institutional and retail traders a regulated alternative to existing offshore products. Cboe's contracts will be cleared through Cboe Clear US and are subject to CFTC oversight.
First U.S.-Regulated 10-Year Crypto Futures
This marks the first U.S.-regulated 10-year crypto futures, building upon the introduction of Bitcoin futures in 2017. Offshore perpetual swaps have previously influenced trading liquidity and leverage.
The Cboe continuous futures launch may provide U.S. traders with a more regulated access to crypto derivatives, potentially reshaping market structure and attracting attention to new sales opportunities.
