Cboe to Launch Bitcoin (BTC), Ether (ETH) ‘Perpetual-Style’ Crypto Futures on Dec. 15

Cboe Global Markets is set to launch bitcoin and ether ‘continuous futures’ on December 15, marking it as the first U.S. exchange to offer crypto derivatives simulating perpetual futures. These contracts, Bitcoin Continuous Futures (PBT) and Ether Continuous Futures (PET), will have 10-year expirations and are cash-settled, featuring daily funding adjustments to align closely with spot prices. Designed for institutional and sophisticated retail traders, these products aim to provide long-term crypto exposure amid growing concerns regarding offshore risks. Unlike traditional expiring futures, Cboe's continuous futures will not require rollovers, making them more convenient for risk management. The contracts will be cleared through Cboe Clear U.S., a CFTC-regulated clearinghouse, ensuring compliance with U.S. regulations. Trading will operate nearly continuously from Sunday evening to Friday evening ET, with the potential for cross-margining against existing Cboe crypto futures. This strategic move responds to the growing popularity of perpetual futures found on offshore platforms and could attract hedge funds and asset managers seeking regulated alternatives.

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