Almost Perpetual? CBOE to Offer 'Continuous' Bitcoin, Ethereum Futures
Cboe Global Markets has announced the introduction of 'continuous futures' for Bitcoin and Ethereum, designed to mimic perpetual futures. These products, which will begin trading next month, will offer a 10-year lifecycle and daily cash adjustments. Cboe's aim is to appeal to traders looking for regulatory protections in a U.S.-based trading environment. Traditionally, perpetual futures have been traded on offshore platforms like Binance and Bybit. The introduction of these continuous futures reflects increasing demand from institutional investors who seek to avoid the operational challenges associated with rolling traditional futures contracts. Daily price adjustments will help maintain alignment with the price of the underlying cryptocurrencies. Additionally, Cboe aims to ensure transparency and oversight in the trading of these derivatives, addressing an identified need in the market. With the recent uptick in trading volumes, the total value of outstanding Bitcoin futures contracts is reported at $65.8 billion, indicating robust interest from market players. As Cboe ventures into this space, they are leveraging analytics insights from Kaiko to support their pricing methods.
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