Cboe, a leading derivatives and securities exchange network, has announced plans to launch continuous futures for Bitcoin and Ethereum on November 10, 2025.
What Are Continuous Futures?
Cboe's continuous futures will mimic the futures popular on offshore crypto exchanges and will differ from traditional futures by having expiration dates of up to 10 years. These contracts will be cash-settled, eliminating the need for physical delivery, and will be adjusted according to real-time market prices using a transparent funding rate method.
Benefits of the New Offering
The continuous futures will trade on Cboe Futures Exchange and be cleared through Cboe Clear U.S., providing an extra layer of regulatory oversight and risk management not typically found in offshore platforms. Catherine Clay, Global Head of Derivatives at Cboe, stated that this product will be accessible to both institutional and retail traders looking to engage with crypto derivatives.
Market and Competition
The launch of continuous futures represents an attempt to bridge traditional finance with the cryptocurrency market. It will also allow Cboe to re-enter the crypto space with a differentiated product, competing directly with firms such as CME Group. Given the growing interest in crypto derivatives, this move could be pivotal in Cboe's strategic evolution.
The launch of Cboe's continuous futures will likely impact both Cboe's development and the broader cryptocurrency market, offering investors new opportunities for long-term exposure to BTC and ETH.
