What happened?
Cboe Global Markets, one of the world’s largest derivatives and securities exchange networks, has announced its plans to launch Cboe Continuous Futures on its Cboe Futures Exchange (CFE). Starting November 10, 2025, pending regulatory approval, these single, long-dated contracts with a 10-year expiration will debut with Bitcoin and Ether contracts, simplifying position management and reducing costs related to frequent rollovers.
Who does this affect?
This development affects U.S. traders by providing them access to long-term exposure to digital assets within a regulated, centrally cleared environment. The futures are expected to attract both institutional investors and retail traders, allowing them to have real-time valuations of Bitcoin and Ether through cash adjustments aligned with spot market prices.
Why does this matter?
This strategy is significant as it signals Cboe’s expansion in its product line beyond its flagship Cboe Volatility Index (VIX) futures. It advances the exchange’s goal of creating a robust global exchange and clearing ecosystem, positioning it as a major player in the financial market. Moreover, this move contributes to the consolidation of crypto-related offerings, improving market liquidity, and enabling more flexibility for traders.