#USA #Chicago #Bitcoin Futures #Cboe Futures #Ether Futures

Cboe Futures Exchange to Launch Continuous Futures for Bitcoin and Ether

Cboe Global Markets, Inc., a leader in the derivatives and securities exchange network, announced on November 17, 2025, that it will start offering trading in Continuous Futures for Bitcoin and Ether on December 15, 2025, pending regulatory approval. This innovative product aims to provide traders with a long-term exposure to these prominent digital assets in a U.S.-regulated environment.

The Overview of Continuous Futures

Cboe's Continuous Futures is designed for those who seek a more sustainable investment strategy without the complications of traditional futures contracts. Each contract will feature a 10-year expiration from the listing date and includes a daily cash adjustment to allow for perpetual exposure, eliminating the need for investors to roll over their positions constantly. This provides similar advantages as traditional futures, such as capital efficiency, volatility management, and tactical trading options.

Rob Hocking, the Global Head of Derivatives at Cboe, expressed enthusiasm for expanding the availability of perpetual futures within a regulated and transparent market. He underscored the benefits that these products offer for traders looking to engage with the ever-evolving crypto market, emphasizing that the Continuous Futures structure will streamline portfolio management while providing a controlled mechanism for leveraged exposure to digital assets.

Key Features and Benefits

The Continuous Futures for Bitcoin (PBT) and Ether (PET) will be cash-settled and centrally cleared through Cboe Clear U.S., a CFTC-regulated organization. This centralized clearing helps to mitigate counterparty risk, offering investors peace of mind regarding the reliability of their trades. Additionally, margin requirements will align with CFTC regulations, providing transparency and ensuring a fair trading environment.

A Funding Amount or daily cash adjustment will be applied to open positions, facilitating accurate price alignment between the Continuous Future and the underlying asset prices. This innovative approach is a game-changer for institutional investors who require efficient, long-term exposure to cryptocurrencies without the operational burdens associated with traditional contract offerings.

Anne-Claire Maurice, a Managing Director at Kaiko, highlighted the significant advantage of bringing perpetual-style futures to regulated U.S. markets. She pointed out that this format addresses real needs for institutional investors who prioritize efficiency and transparency in their trading strategies.

Educational Initiatives

To assist investors in understanding the characteristics and applications of Continuous Futures, Cboe's educational division, The Options Institute, will host courses focused on these innovative products. Scheduled for December 17, 2025, and January 13, 2026, these sessions will discuss the potential use cases for traders and investors alike, supporting them in making informed decisions.

Trading Availability

The PBT and PET futures will be available for trading five days a week, Sunday through Friday, from 6 PM ET to 5 PM ET. Meanwhile, interested parties can access more technical details surrounding contract size and funding rate methodologies through Cboe’s official channels.

Conclusion

As the landscape of cryptocurrency trading continues to evolve, Cboe Futures Exchange is poised to meet growing customer demand by diversifying its offerings. With the introduction of Continuous Futures for Bitcoin and Ether, the exchange is facilitating a new era of trading opportunities that align with the needs of modern investors. By providing regulated, transparent, and easily accessible products, Cboe is reinforcing its commitment to fostering an inclusive global marketplace.

For further information about Cboe Global Markets and its future offerings, visit www.cboe.com.