Cboe Global Markets has announced plans to offer a new kind of futures contract tied to Bitcoin
These contracts, referred to as “continuous futures”, will be introduced on November 10, according to a September 9 announcement.
Instead of the usual short-term format, these contracts have a long expiration window, which lasts up to 10 years. The goal is to make it easier for market participants to maintain exposure to crypto assets over the long run without needing to frequently renew contracts.
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Though these contracts will eventually expire, their structure mimics the way perpetual contracts work on offshore and decentralized platforms. Perpetuals are favored in crypto trading for their ability to track spot prices without fixed settlement dates.
Similarly, Cboe’s new offering uses regular funding adjustments to align with the actual market value of Bitcoin and Ethereum. All trades will be settled in cash.
According to Catherine Clay, who leads derivatives at Cboe, the idea is to bring a familiar tool from offshore exchanges to a US-regulated setting. She said:
Perpetual-style futures have gained strong adoption in offshore markets. Now, Cboe is bringing that same utility to our US-regulated futures exchange.
Research from crypto data provider Kaiko indicates that in 2025, perpetual contracts made up around 68% of Bitcoin’s total trading volume across the industry.
Coinbase recently announced plans to release a new futures product called “Mag7 + Crypto Equity Index Futures”. What is the goal of the product? Read the full story.
