Cboe is seeking regulatory approval to launch continuous Bitcoin and Ethereum futures for U.S. traders, aiming to roll out the products in November if the green light arrives. Unlike standard monthly contracts, Cboe says these will run for 10 years to provide a continuous long-term market for the two largest cryptocurrencies by market cap.
Perpetual-style futures—contracts that mimic spot exposure without the need for regular expirations—have become a staple on offshore crypto platforms. Cboe’s design will be different in that the contracts are planned to be cash-settled and aligned to real-time spot prices on regulated markets, offering U.S. traders an intermediated and transparent avenue to access similar exposure.
The move is part of a broader push by Cboe into regulated crypto products. The exchange has filed ETF-related rule changes with the U.S. Securities and Exchange Commission and joined other exchanges in proposals that would streamline how crypto ETFs are approved. Cboe BZX also submitted a 19b-4 request earlier this year for an Invesco Galaxy Solana ETF—signaling continued efforts to bring altcoins into regulated U.S. market structures.
Why this matters: a regulated perpetual-style product could attract institutional and retail traders who prefer familiar clearing, custody and oversight. However, futures remain complex financial instruments. Traders should understand margin requirements, funding or basis differences versus spot markets, and that regulatory approval is still pending. If approved, Cboe’s contracts could offer a regulated alternative to offshore perpetuals while reshaping U.S. crypto derivatives liquidity.
Source: Decrypt. Read the original coverage for full details.