Get ready for a game-changer in the world of cryptocurrency trading! Cboe Futures Exchange is set to revolutionize the market with its upcoming launch of Continuous Futures for Bitcoin and Ether on December 15, 2025.
This exciting development will provide investors with a regulated and transparent way to gain long-term exposure to these digital assets. But here's where it gets controversial: these Continuous Futures are designed to offer perpetual-style exposure, which has historically been a domain of offshore trading. Cboe is stepping up to bring this innovative product to a U.S.-regulated environment, creating a buzz in the industry.
The Continuous Futures will be centrally cleared through Cboe Clear U.S., a CFTC-regulated entity, ensuring a streamlined and efficient process. Traders will benefit from capital efficiency, volatility management, and the ability to take short positions, all while mitigating counterparty risk. And this is the part most people miss: the contracts will have a 10-year expiration at listing, with daily cash adjustments, effectively creating a perpetual-style exposure without the need for periodic rollovers.
"Cboe is excited to expand access to these products within a transparent and intermediary-friendly environment," said Rob Hocking, Global Head of Derivatives at Cboe. "Our Continuous Futures are designed to empower traders with controlled leveraged exposure to digital assets, while providing a streamlined portfolio and risk management experience."
To ensure investors understand the ins and outs of these new futures, Cboe's Options Institute will host educational courses on December 17, 2025, and January 13, 2026. These courses will delve into the characteristics and potential use cases of Continuous Futures, helping market participants navigate this evolving landscape.
The PBT and PET futures will be cash-settled and available for trading 23x5, from Sunday to Friday, 6 p.m. to 5 p.m. ET. Technical details, including contract size and funding rate methodology, can be found on Cboe's website.
So, what do you think about Cboe's move to bring Continuous Futures to the U.S. market? Is this a step towards greater accessibility and transparency in the crypto space, or does it raise concerns about regulatory oversight? We'd love to hear your thoughts in the comments below! Remember, trading in futures and options carries risks, so always do your due diligence and consult your financial advisor before making any investment decisions.
