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

Cboe Global Markets is set to introduce Bitcoin and Ether ‘continuous futures’ on December 15, 2025, marking the first U.S. exchange to offer such crypto derivatives resembling perpetual futures. These cash-settled contracts will boast a 10-year expiration and will utilize daily funding adjustments to align with spot prices without necessitating rollovers. Targeted at institutional investors and advanced retail traders, the initiative aims to provide long-term exposure to cryptocurrencies under regulatory frameworks. Unlike popular offshore perpetual futures, Cboe’s products are designed to comply with U.S. regulations, supervised by Cboe Clear U.S. A daily funding amount will be implemented to manage open positions based on real-time rates for Bitcoin and Ether, enhancing the appeal for hedge funds and sophisticated traders wary of offshore platforms due to regulatory uncertainties. Almost continuous trading will be available from Sunday evening until Friday evening with a brief daily pause.

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