U.S. Traders Could See ‘Perpetual’ Crypto Futures by November as Cboe Prepares Launch

Cboe Prepares November Rollout of Long-Duration Crypto Futures

Cboe Global Markets is set to launch “Continuous futures” for bitcoin (BTC) and ether (ETH) on November 10, pending regulatory approval. The contracts are designed to mimic the popularity of perpetual futures on offshore platforms while meeting U.S. compliance standards.

Unlike standard futures, which typically expire monthly or quarterly, Continuous futures will extend for up to 10 years, reducing the need for traders to frequently roll positions. Daily adjustments tied to spot prices will be made through a funding-rate mechanism, while all contracts remain cash-settled in U.S. dollars.

The innovation is intended to simplify long-term exposure for both retail and institutional traders. “Perpetual-style futures have gained wide adoption overseas,” said Catherine Clay, head of derivatives at Cboe. “We expect these contracts to appeal to institutional participants, existing CFE clients, and retail investors seeking regulated crypto derivatives.”

Clearing will be handled through Cboe Clear U.S., a CFTC-regulated clearinghouse, further anchoring the product within U.S. oversight frameworks.

If approved, the offering would mark a major step in bringing perpetual-style crypto products into regulated U.S. markets, potentially reshaping how both professional and retail traders gain exposure to bitcoin and ether.