Cboe Global Markets, the leading derivatives and securities exchange network, has announced its plans to introduce Cboe Continuous futures on the Cboe Futures Exchange, LLC (CFE) starting November 10, 2025, pending regulatory approval. This new product suite will include Continuous futures for both bitcoin and ether, designed to provide U.S. traders with a straightforward and efficient approach to achieve long-term exposure to digital assets.
The launch of Continuous futures marks a significant evolution in Cboe’s ongoing product innovation roadmap. Unlike traditional futures contracts, which often necessitate periodic rolling, the Continuous futures will be structured as single, long-dated contracts with a 10-year expiration. This structure aims to minimize the need for rolling positions, thereby simplifying the management of such positions. The contracts will be cash-settled and linked to real-time spot market prices for bitcoin and ether, with daily cash adjustments based on a transparent and replicable funding rate methodology.
During the recent HOOD Summit in Las Vegas, Catherine Clay, Global Head of Derivatives at Cboe, highlighted the growing adoption of perpetual-style futures in offshore markets and expressed enthusiasm about bringing this utility to U.S. traders. “We expect Continuous futures to appeal not only to institutional market participants and existing CFE customers but also to a burgeoning segment of retail traders looking for access to crypto derivatives,” Clay stated.
This launch is seen as part of Cboe’s broader commitment to expanding its product offerings at CFE, which already includes its flagship Cboe Volatility Index (VIX) futures along with innovative products related to equity volatility, digital assets, and global fixed income. The new Continuous futures will be cleared through Cboe Clear U.S., further establishing Cboe’s capabilities in developing a robust global derivatives exchange and clearing ecosystem.
Additionally, educational opportunities surrounding Continuous futures will be provided by the Options Institute, with courses scheduled for October 30 and November 20. Registration for these courses is open to the public, allowing traders to enhance their understanding of the new product offerings.
For further details, interested parties can visit Cboe’s website for more technical information on the new bitcoin and ether Continuous futures.
