Cboe to Introduce Continuous Bitcoin and Ethereum Futures in November

Cboe Global Markets has unveiled plans to roll out Continuous futures contracts for Bitcoin and Ether on its Cboe Futures Exchange (CFE) starting November 10, 2025, pending regulatory approval.

The new products are designed to give U.S. traders long-term, regulated exposure to digital assets without the operational complexity of rolling contracts.

A Perpetual-Style Approach in a Regulated Market

Unlike standard futures that require regular rollovers, Cboe’s Continuous futures will be structured as single contracts with a 10-year expiration. The contracts will be cash-settled and tied to the real-time spot prices of Bitcoin and Ether, adjusted daily through a transparent funding rate model. This design mirrors the functionality of perpetual futures popular on offshore exchanges but places them in a U.S.-regulated, centrally cleared environment.

“Perpetual-style futures have gained strong adoption in offshore markets. Now, Cboe is bringing that same utility to our U.S.-regulated exchange,” said Catherine Clay, Cboe’s Global Head of Derivatives, during the HOOD Summit in Las Vegas. She added that the products are expected to appeal to institutional investors, CFE’s existing customer base, and retail traders seeking regulated crypto derivatives.

Expanding Cboe’s Product Suite

The launch reflects Cboe’s ongoing strategy to broaden its offerings beyond its flagship VIX futures. The CFE has steadily added products tied to equity volatility, fixed income, and digital assets, and the new Continuous futures highlight its ambition to strengthen its global derivatives footprint.

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Clearing will be handled by Cboe Clear U.S., a CFTC-regulated clearinghouse. By anchoring the products within a compliant framework, Cboe aims to provide both transparency and risk management for participants navigating crypto’s volatile markets.

Preparing Traders

To support adoption, Cboe’s Options Institute will host educational sessions on October 30 and November 20, giving traders a chance to understand the mechanics of Continuous futures ahead of launch.

If successful, the initiative could set a new benchmark for integrating perpetual-style digital asset futures into the U.S. financial system.