- Cboe Global Markets will launch Bitcoin and Ether continuous futures on Dec. 15, providing long-term perpetual-style contracts.
- The futures have a 10-year term with daily cash adjustments to simulate perpetual futures, eliminating the need to roll positions.
- Contracts will clear through Cboe Clear US with CFTC-aligned margin rules and may allow cross-margining with existing crypto futures.
- The contracts will trade 23 hours per day, five days per week, subject to regulatory approval.
- The launch reflects growing development in the regulated crypto futures space amid changing US regulatory attitudes.
Cboe Global Markets announced plans to introduce Bitcoin and Ether “Continuous Futures” contracts starting December 15. These new futures contracts will offer investors long-term, perpetual-style exposure by featuring a 10-year term combined with daily cash adjustments designed to replicate the economics of traditional perpetual futures, thus removing the need for position rollovers.
Futures contracts are standardized agreements to buy or sell an asset at a predetermined price on a future date, commonly used for hedging or speculation. The continuous futures from Cboe aim to deliver benefits such as capital efficiency, volatility hedging, tactical trading strategies, and the ability to take short positions.
The contracts will be cleared through Cboe Clear US to mitigate counterparty risk. Margin requirements will align with Commodity Futures Trading Commission (CFTC) standards and could enable cross-margining with existing Cboe Futures Exchange (CFE) crypto futures. Pending regulatory approval, these contracts will be tradable 23 hours daily, Monday through Friday.
Cboe Global Markets operates equity and derivatives trading platforms primarily in North America and Europe. The company first announced the continuous futures product for Bitcoin and Ether in September.
The introduction of these futures coincides with shifts in US regulatory approaches toward crypto derivatives. The CFTC, under the Trump administration, has opened the door for new offerings, requesting public feedback on perpetual derivative benefits and risks on April 21, as noted here. Earlier in 2023, Bitnomial launched the first CFTC-regulated XRP futures in the US, and Coinbase announced plans for nano-sized Bitcoin and Ether perpetual contracts in July.
The crypto futures market is substantial, with open interest on perpetual contracts reaching approximately $767 billion, according to CoinMarketCap data.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- ClickFix Malware Campaigns Deploy Amatera Stealer, NetSupport RAT
- Trump Admin Eyes IRS Access to Tax Foreign Crypto Accounts
- Tom Lee Says Ethereum Nearing Valuation Bottom, Eyes Price Rebound
- ICIJ Exposes $408M Binance Crypto Links to Crime Networks
- Trump Org to Tokenize New Luxury Maldives Resort by 2028
