CBOE Launches Continuous BTC & ETH Futures on Dec 15

The Chicago Board Options Exchange (CBOE) will introduce continuous futures for Bitcoin (BTC) and Ethereum (ETH) on December 15. Continuous futures represent a new class of crypto derivatives that eliminate expiration dates, allowing traders to maintain positions indefinitely without rolling over contracts. This innovation reduces transaction costs, simplifies position management and enhances long-term price discovery. Backed by CBOE’s established regulatory framework and robust trading infrastructure, these continuous futures will appeal to institutional investors, hedge funds, retail traders and market makers. By removing the administrative burden of contract expirations, traders gain greater flexibility to execute long-term strategies and hedge exposure more efficiently. Continuous futures also improve risk management by enabling smoother portfolio adjustments and more accurate hedging. As regulatory clarity improves and institutional interest in digital assets grows, CBOE’s move bridges traditional finance and cryptocurrency markets, potentially increasing liquidity and reducing volatility across trading venues. Challenges include initial liquidity depth, evolving compliance requirements and the need for market education on continuous futures mechanics. Nevertheless, the launch marks a significant advancement in crypto derivatives, offering traders unprecedented efficiency and contributing to the maturation of digital-asset markets.