Cboe to Launch 10-Year Bitcoin and Ethereum Continuous Futures
Cboe Global Markets will launch Cboe continuous futures for Bitcoin and Ethereum on November 10, 2025, offering cash-settled contracts with up to 10-year maturities. Modeled on offshore perpetual swaps, these futures use funding rate adjustments to closely track spot prices. By blending perpetual-style utility with US crypto regulation, Cboe continuous futures simplify long-term crypto exposure and hedging while reducing rollover costs. Data from Kaiko shows that perpetual contracts accounted for 68% of Bitcoin trading volume in 2025, underscoring strong market demand. Traders can expect improved liquidity, cost efficiency, and streamlined position management in the regulated US futures market.
Bullish
The introduction of Cboe continuous futures for BTC and ETH, with cash-settled contracts and 10-year maturities, is bullish for crypto markets. In the short term, the regulated offerings should attract institutional and retail traders seeking long-term hedging tools, boosting demand and liquidity. Over the long term, reduced rollover costs and onshore perpetual mechanics can lead to sustained market participation and lower volatility, reinforcing price support for Bitcoin and Ethereum.