Cboe to Launch Long-Term Bitcoin and Ether Continuous Futures in November 2025
Cboe Global Markets is set to break new ground in U.S. crypto derivatives trading with the planned launch of Bitcoin and Ether Continuous Futures on its Cboe Futures Exchange (CFE) starting November 10, 2025, pending regulatory approval. This move signals a major step forward in making long-term crypto exposure more accessible through a regulated financial platform.
What Makes Cboe’s Continuous Futures Different?
Unlike traditional crypto futures contracts, which typically expire monthly or quarterly, Cboe’s new Continuous Futures will offer an extended 10-year expiration period. This long-dated structure removes the need for frequent rollovers — a common challenge faced by traders managing positions over time.
These futures contracts will be:
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Cash-settled based on real-time spot market pricing
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Adjusted daily for transparent and fair mark-to-market pricing
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Centrally cleared, reducing counterparty risk for institutional investors
By combining long-term exposure with real-time pricing, the product is designed to streamline position management while giving traders a more cost-efficient and predictable way to invest in Bitcoin and Ether.
Cboe’s Strategic Expansion into Regulated Crypto Derivatives
Catherine Clay, Global Head of Derivatives at Cboe, highlighted that perpetual-style futures have already become a standard in international markets, especially in Asia. However, U.S. investors have lacked access to similar instruments within a regulated and trusted exchange environment—until now.
With this launch, Cboe aims to extend its influence beyond its flagship VIX futures by expanding into the digital asset space. The move not only enhances its crypto derivatives portfolio but also supports the growing demand for institutional-grade crypto trading products.
This development positions Cboe at the forefront of the evolving digital asset landscape, offering both retail and institutional investors a new way to participate in crypto markets—backed by the transparency and oversight of a U.S.-based exchange.
