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, which will be the first U.S. exchange offering crypto derivatives designed to function like perpetual futures. These contracts, named Bitcoin Continuous Futures (PBT) and Ether Continuous Futures (PET), will feature a 10-year expiration, cash settlement, and daily funding adjustments to align with spot prices. They are aimed at institutions and advanced retail traders seeking long-term crypto exposure without the complexity of managing rolling futures contracts. Cboe has framed these products in response to the rising popularity of perpetual futures on offshore platforms, which allow traders to maintain leveraged positions indefinitely. By developing U.S.-regulated products, Cboe aims to provide a controlled way for investors to engage with digital assets while adhering to regulatory standards. The trading for these contracts will be nearly round-the-clock, offering opportunities for both long and short positions.

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