Cboe to Launch 10-Year Continuous BTC & ETH Futures Nov.10
Cboe Global Markets will launch 10-year cash-settled continuous futures for Bitcoin (BTC) and Ethereum (ETH) in the US on Nov. 10, pending regulatory approval. These continuous futures eliminate manual rollovers with a transparent daily funding rate tied to real-time spot prices, mimicking offshore perpetual futures in a regulated, US-clearing environment. The offering aims to capture institutional and retail demand for regulated crypto derivatives by replicating offshore trading volumes onshore, reinforcing Cboe’s position in the regulated crypto derivatives market. With crypto derivatives accounting for over 75% of trading volume and perpetual futures driving 68% of Bitcoin turnover, Cboe joins Coinbase and SGX in shaping the competitive landscape of compliant futures products.
Bullish
Launching regulated 10-year continuous futures provides new onshore avenues for institutional and retail investors, increasing liquidity, reducing basis risk, and aligning with the growing demand for compliant crypto derivatives. Short-term, the news is likely to boost trading activity and price support for Bitcoin and Ethereum as traders anticipate fresh capital inflows. Long-term, offering a regulated, cash-settled perpetual-style alternative fosters market stability, narrows spot-futures spreads, and may lower volatility. Historical precedents, such as CME’s crypto futures launch, have shown positive price impacts and adoption growth. Overall, this move is bullish for BTC and ETH markets.