**Cboe to Introduce Continuous Bitcoin Futures for U.S. Market**
Cboe Global Markets, Inc., the premier derivatives and securities exchange network globally, has announced its intention to launch Continuous futures for bitcoin and ether on November 10, 2025, pending regulatory approval. This innovative product represents a significant advancement in Cboe’s digital asset strategy, providing a U.S.-regulated alternative to the popular perpetual-style futures commonly traded in offshore markets.
The Continuous futures will be available on the Cboe Futures Exchange (CFE) and are designed to offer traders straightforward, long-term exposure to bitcoin and ether prices within a centrally cleared framework. Unlike traditional futures contracts that typically expire quarterly and necessitate rolling, Cboe’s Continuous futures will consist of single, long-dated contracts with a 10-year expiration. These contracts will be cash-settled and adjusted daily based on real-time spot prices of bitcoin and ether, utilizing a transparent and replicable funding rate methodology.
At the recent HOOD Summit in Las Vegas, Catherine Clay, Global Head of Derivatives at Cboe, emphasized the importance of this new offering. She noted that while perpetual-style futures have seen significant adoption in offshore markets, Cboe is now bringing that same functionality to its U.S.-regulated futures exchange. This move allows U.S. traders to engage with these products confidently in a trusted and transparent environment. Clay expressed optimism that Continuous futures will attract not only institutional market participants and existing CFE customers but also a growing number of retail traders interested in crypto derivatives.
This launch is part of Cboe’s broader strategy to diversify its CFE product lineup, which currently includes the flagship Cboe Volatility Index (VIX) futures and various products linked to equity volatility, digital assets, and global fixed income. The new bitcoin and ether Continuous futures will be cleared through Cboe Clear U.S., a CFTC-regulated derivatives clearing organization, enhancing Cboe’s global clearing capabilities and reinforcing its position in the evolving crypto derivatives landscape.
To support the rollout, The Options Institute will conduct educational sessions on Continuous futures on October 30 and November 20, which will be open to the public. Interested individuals can register for these sessions to gain insights into this new product offering.
In summary, Cboe’s introduction of Continuous futures for bitcoin and ether marks a pivotal moment in the integration of digital assets with traditional finance, providing traders with innovative tools to navigate the cryptocurrency market.
**FAQ**
**What are Continuous futures?**
Continuous futures are long-dated contracts that provide exposure to the price of an asset, such as bitcoin or ether, without the need for rolling over contracts at expiration. They are designed to be cash-settled and adjusted daily based on real-time market prices.
