‘Perpetual-Style’ Digital Asset Futures Set for U.S. Market Entry with Cboe’s November Launch

Cboe to Debut U.S.-Regulated ‘Continuous’ Bitcoin, Ether Futures in November

Cboe Global Markets said it plans to introduce “Continuous futures” contracts for bitcoin (BTC) and ether (ETH) on Nov. 10, pending clearance from the Commodity Futures Trading Commission (CFTC).

The products are designed as a regulated counterpart to perpetual futures, which dominate trading volumes on offshore exchanges. Unlike conventional monthly or quarterly futures, the new contracts can remain open for up to 10 years, reducing the need for frequent rollovers.

Contracts will be cash-settled in U.S. dollars and recalibrated daily against spot prices using a transparent funding-rate model. That design allows traders to hold long-term crypto exposure without constant rebalancing.

“Perpetual-style futures have proven highly successful in offshore markets,” said Catherine Clay, Cboe’s head of derivatives. “We expect our Continuous futures to attract institutional participants, retail traders, and existing CFE clients looking for regulated access to crypto derivatives.”

Cboe confirmed the products will clear through Cboe Clear U.S., its CFTC-supervised clearinghouse. If approved, the launch would mark the first U.S. futures offering structured to mirror perpetual contracts, potentially broadening institutional and retail participation in crypto markets.