CBOE Global Markets announced plans to launch Bitcoin and Ethereum continuous futures contracts on Nov. 10, pending regulatory review.
According to a Sept. 9 announcement, the new product suite debuts on CBOE Futures Exchange with contracts structured as single, long-dated instruments featuring 10-year expirations.
This design eliminates periodic rolling requirements that characterize traditional futures contracts, simplifying position management for traders seeking long-term digital asset exposure.
The continuous futures will be cash-settled and aligned to real-time spot market prices through daily cash adjustments using a transparent funding rate methodology.
CBOE Clear US, a derivatives clearing organization regulated by the Commodity Futures Trading Commission (CFTC), will clear the contracts within the exchange’s regulated framework.
Global head of derivatives at CBOE, Catherine Clay, said the launch brings perpetual-style utility that gained adoption in offshore markets to US traders.
She noted that the products target institutional participants, existing Cboe Futures Exchange (CFE) customers, and retail traders seeking access to crypto derivatives.
Regulatory opening
The announcement coincides with increased regulatory coordination between the SEC and CFTC, which will hold a joint roundtable on Sept. 29 to advance digital asset oversight harmonization.
The agencies acknowledged in a Sept. 5 statement that fragmented regulation had discouraged innovation and driven crypto activity overseas.
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SEC Chairman Paul Atkins and CFTC Acting Chairman Caroline Pham emphasized that coordination failures created uncertainty, hindering economic activity even for legally permissible products.
The regulators stressed that harmonization can lower barriers, improve efficiency, and reaffirm US leadership in financial markets.
The Sept. 29 roundtable will examine measures to align US markets with the global economy, including expanded trading hours, frameworks for perpetual contracts, and portfolio margining coordination.
The agencies plan to review exemptions providing safe harbors for decentralized finance projects while maintaining investor protection standards.
CBOE’s continuous futures launch builds on the exchange’s expanding CFE product suite, which includes VIX futures and products based on equity volatility, crypto, and global fixed income.
The introduction represents a step toward onshoring compliant perpetual swap trading that currently operates primarily on offshore platforms.
CBOE’s Options Institute will host public educational courses on continuous futures on Oct. 30 and Nov. 20 to prepare market participants for the new contracts.
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Source: https://cryptoslate.com/cboe-plans-november-launch-for-bitcoin-and-ethereum-continuous-futures-contracts/
