Cboe Global Markets, Inc. has announced its plans to launch Continuous futures on the Cboe Futures Exchange (CFE), marking a significant step in its product innovation roadmap. Scheduled to debut on November 10, 2025, pending regulatory review, the new offering will initially include Continuous futures for bitcoin and ether.
The Continuous futures are designed to provide traders in the U.S. with a user-friendly mechanism for achieving long-term exposure to these digital assets. They aim to simplify trading strategies and risk management within a regulated framework. Unlike standard futures contracts, which require periodic rolling, these Continuous futures will be structured as long-dated contracts with a 10-year expiration. This design not only reduces the necessity of rolling positions but also simplifies overall position management. Cash settlement will occur based on real-time market prices for bitcoin and ether, with daily cash adjustments informed by a transparent funding rate methodology.
During remarks at the HOOD Summit in Las Vegas, Catherine Clay, the Global Head of Derivatives at Cboe, highlighted the growing demand for perpetual-style futures in offshore markets and emphasized Cboe’s initiative to introduce these products in a trusted and transparent U.S. environment. This new offering is expected to attract a varied audience, from institutional investors to retail traders seeking access to crypto derivatives.
This move is part of Cboe’s broader strategy to enhance and diversify its product range at CFE, which already includes notable offerings such as the Cboe Volatility Index (VIX) futures and other innovative products focusing on equity volatility and global fixed income.
To further support this launch, Cboe Clear U.S., a derivatives clearing organization regulated by the Commodity Futures Trading Commission (CFTC), will be responsible for clearing the new Continuous futures. This will bolster Cboe’s clearing capabilities and expand its aim to create a robust global derivatives exchange ecosystem.
Additionally, educational resources will be made available to the public, with courses on Continuous futures scheduled for October 30 and November 20. Cboe encourages interested individuals to register for these sessions.
This initiative illustrates Cboe’s commitment to facilitating a comprehensive offering of trading solutions while ensuring a secure and transparent market for its participants.
