Cboe Global Markets Launches Continuous Bitcoin and Ethereum Futures to Mirror Perpetual Contracts
Cboe Global Markets has unveiled a new continuous futures product for Bitcoin and Ethereum designed to replicate the characteristics of perpetual futures contracts. These futures feature a 10-year lifecycle with daily cash adjustments, and trading is set to commence next month. The introduction aims to expand US-regulated access to perpetual-style crypto derivatives while addressing regulatory oversight concerns.
Previously, CME Group launched spot-quoted futures for Bitcoin and Ethereum in April as a related product in this space. The current market includes offshore perpetual futures on exchanges such as Binance and Bybit, as well as decentralized options available on platforms like Hyperliquid and Aster.
As of the reporting date, total outstanding Bitcoin futures contracts totaled approximately $65.8 billion, with CME accounting for $13 billion, Binance for $12.5 billion, and Hyperliquid for $3 billion. Market data provider Kaiko stated these new products meet institutional demand and will supply the underlying price data, emphasizing the regulatory transparency of these futures contracts.
