Cboe Global Markets is preparing to bring a DeFi-inspired trading product into U.S. markets with the launch of 10-year “continuous futures” for Bitcoin and Ethereum. The derivatives exchange, a subsidiary of the Chicago Board Options Exchange, announced Tuesday that the product will go live on November 10, subject to regulatory approval.
Unlike traditional futures that require periodic contract rollovers, continuous futures are designed with a decade-long expiry, functioning similarly to perpetual contracts favored by offshore crypto exchanges. These products aim to simplify position management for traders while staying closely aligned with spot BTC and ETH prices through transparent funding mechanisms.
The contracts will be cash-settled, reducing complexity for participants, and mark a new product category compared to Cboe’s earlier crypto futures offerings, which began in 2017.
Cboe described the innovation as a way to bring the utility of perpetual-style products into a fully regulated U.S. market. The launch underscores its renewed commitment to crypto derivatives after scaling back operations in past years.
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