Introduction to Cboe’s Latest Crypto Offering
In a groundbreaking move that signals further integration of cryptocurrency into traditional financial markets, Cboe Global Markets is set to launch 10-year Bitcoin (BTC) and Ethereum (ETH) futures contracts. Scheduled for rollout on November 10, 2025, pending regulatory approval, this innovative offering marks a significant milestone in cryptocurrency derivatives trading in the United States.
What Are 10-Year “Continuous Futures” Contracts?
Unlike traditional futures contracts, which require traders to regularly roll over positions due to fixed expiration dates, these “continuous futures” offer a simplified and long-dated alternative. Traders now have access to single contracts with a 10-year lifespan, eliminating the complexities of position management over shorter periods.
Similar to perpetual contracts widely used in DeFi and offshore crypto trading, these futures align to the spot prices of BTC and ETH. However, they are cash-settled and come with transparent funding mechanisms, ensuring stability within Cboe’s US-regulated environment.
A Game-Changer in the US Market
While perpetual futures have been a staple in offshore markets—accounting for roughly 68% of all Bitcoin trading volume in 2025, according to Kaiko Research—this is one of the first US-regulated exchanges to bring this product domestically. Speaking on the launch, Catherine Clay, Global Head of Derivatives at Cboe, stated, “Perpetual-style futures have gained strong adoption in offshore markets. Now, Cboe is bringing that same utility to our US-regulated futures exchange.”
Reviving Crypto Derivatives for Mainstream Traders
Cboe’s foray into continuous futures follows its initial launch of Bitcoin futures in 2017 and subsequent retreat from crypto derivatives. This latest offering signals a return to expanding its crypto product lineup, catering to retail and institutional demand. This move positions Cboe as a direct competitor to Bitnomial and Coinbase, which have recently launched similar products for US traders.
How This Impacts the Market
The introduction of longer-dated Bitcoin and Ethereum futures contracts makes it easier for traders to hold positions over extended periods without the hassle of rolling over contracts. It could attract more institutional players who are cautious about frequent contract adjustments and seek long-term exposure to cryptocurrency investments.
Additionally, by aligning to spot prices and operating within a regulated framework, this product could bridge the gap between traditional financial markets and the crypto world, fostering broader adoption of digital assets.
Take Your First Step into Crypto Futures
As the cryptocurrency market continues to evolve, tools like these will become integral to both seasoned traders and entry-level investors. For beginners, platforms like Coinbase provide intuitive solutions to start trading Bitcoin and Ethereum futures.
Explore its features, including nano Bitcoin futures and Ether perpetual futures, to gain exposure to the growing crypto derivatives market in a safe, user-friendly environment.
Conclusion
Cboe Global Markets’ initiative to offer continuous futures for Bitcoin and Ethereum underscores the growing significance of cryptocurrency in the mainstream financial ecosystem. By breaking barriers and introducing innovative products, Cboe is paving the way for a new era of trading opportunities, bringing the best of both centralized and decentralized finance under one roof.
