CBOE to Launch Continuous Bitcoin and Ethereum Futures on November 10

Cboe Global Markets, a leading derivatives and securities exchange network, has announced plans to introduce Cboe Continuous futures for Bitcoin and Ethereum on its Cboe Futures Exchange, starting November 10, 2025, pending regulatory approval. This move marks a significant step in expanding access to cryptocurrency derivatives for U.S. traders, offering a streamlined and regulated way to engage with digital assets.

The new futures contracts aim to simplify long-term exposure to Bitcoin and Ethereum, catering to both institutional and retail investors seeking efficient trading and risk management tools. By launching these products, Cboe continues to strengthen its position as a trusted player in the evolving digital asset market.

Unlike traditional futures contracts that require periodic rolling, Cboe Continuous futures are designed as single, long-dated contracts with a 10-year expiration. This structure eliminates the need for traders to frequently roll over positions, simplifying portfolio management and reducing associated costs. The contracts will be cash-settled and tied to real-time spot market prices for Bitcoin and Ethereum, with daily cash adjustments based on a transparent funding rate methodology. This approach ensures alignment with current market conditions, providing traders with a reliable and efficient way to gain exposure to cryptocurrencies.

A New Approach to Crypto Futures

The introduction of these futures comes as perpetual-style futures gain popularity in offshore markets, where they are valued for their flexibility and accessibility. Cboe aims to replicate this utility within a U.S.-regulated framework, offering traders confidence in a transparent and intermediated environment. Catherine Clay, Global Head of Derivatives at Cboe, highlighted the significance of this launch at the HOOD Summit in Las Vegas, noting that the products are expected to attract a broad range of market participants. From institutional investors to retail traders, these futures are poised to meet the growing demand for regulated crypto derivatives.

Cboe’s initiative builds on its established track record of innovation in derivatives markets, with its Cboe Futures Exchange already offering products like the Cboe Volatility Index futures and other equity and fixed-income derivatives. By integrating Bitcoin and Ethereum Continuous futures, the exchange is diversifying its portfolio to include digital assets, a move that aligns with the increasing mainstream adoption of cryptocurrencies. The contracts will be cleared through Cboe Clear U.S., a CFTC-regulated derivatives clearing organization, further enhancing the exchange’s reputation for robust and secure market infrastructure.

This launch shows Cboe’s commitment to expanding its global derivatives ecosystem while addressing the needs of a rapidly evolving financial landscape. As cryptocurrencies continue to gain traction, the introduction of Continuous futures positions Cboe as a leader in providing accessible and regulated tools for traders. With a focus on transparency and innovation, the exchange is well-equipped to support the growing interest in digital assets, offering a trusted platform for investors to navigate the complexities of the crypto market. As the November 10 launch date approaches, market participants will be closely watching how these new futures shape the future of crypto trading in the U.S.