Cboe continuous futures are cash-settled Bitcoin and Ethereum contracts offering regulated, long-term exposure with a 10-year expiration, launching November 10 pending approval. These contracts aim to provide U.S. traders a centrally cleared, transparent vehicle for crypto derivatives and risk management.
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Cash-settled, 10-year expiry contracts for BTC and ETH
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Designed for regulated U.S. execution with real-time daily price adjustments
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Targeted at institutional and retail traders; improves access to crypto derivatives
Primary keyword: Cboe continuous futures — Cash-settled Bitcoin & Ethereum contracts with 10-year expiry; learn details and trading steps. Read now.
Cboe plans to launch continuous Bitcoin and Ethereum futures in November, offering traders regulated, long-term exposure to top digital assets.
Published: Sept 9, 2025 | Updated: Sept 9, 2025
What are Cboe continuous futures?
Cboe continuous futures are cash-settled futures contracts for Bitcoin and Ethereum that provide long-term exposure via a regulated U.S. exchange. The contracts settle in cash, reference daily spot prices, and carry a 10-year expiration to meet needs for durable exposure and institutional risk management.
How will Cboe continuous Bitcoin and Ethereum futures work?
Cboe’s product will track real-time spot prices with daily cash adjustments, allowing positions to remain active across an extended 10-year term. Contracts are centrally cleared, reducing counterparty risk and offering margining consistent with regulated futures markets.
Key mechanics include short daily funding-style cash settlements, standardized contract specifications, and settlement tied to a regulated price feed. The structure is built to support long-duration strategies rather than the perpetual swaps common offshore.
Frequently Asked Questions
When do Cboe continuous futures start trading?
Cboe plans to begin trading on November 10, pending regulatory approval. This date follows the exchange’s product announcement and internal implementation of clearing and surveillance systems.
Who can trade these continuous futures?
U.S.-based institutional and retail traders with access to futures clearing and brokerage accounts will be able to trade the contracts under existing regulatory frameworks for exchange-traded derivatives.
How do continuous futures differ from perpetual futures?
Continuous futures are cash-settled with a fixed 10-year expiry and daily price adjustments; perpetual futures typically have no expiry and use continuous funding payments. The continuous contracts aim for regulated clearing and standardized risk controls.
| Feature | Bitcoin Continuous Future | Ethereum Continuous Future |
|---|---|---|
| Settlement | Cash-settled (daily reference to BTC spot) | Cash-settled (daily reference to ETH spot) |
| Expiration | 10 years | 10 years |
| Target users | Institutional & retail traders | Institutional & retail traders |
| Clearing | Centrally cleared | Centrally cleared |
How can traders use Cboe continuous futures?
Traders can use the contracts for long-term exposure, hedging, or portfolio allocation without taking delivery of the underlying asset. Central clearing allows margin-efficient exposure with standard risk controls.
- Open a futures-enabled brokerage account with clearing access.
- Review margin and contract specs once released by Cboe.
- Implement long-term or hedging strategies using cash-settled contracts.
- Manage positions with daily settlement information and risk limits.
Key Takeaways
- Cboe continuous futures: Cash-settled BTC and ETH contracts with 10-year expiries for regulated exposure.
- Regulatory & clearing benefit: Central clearing reduces counterparty risk and aligns with U.S. derivatives rules.
- Market impact: Expected to broaden access to crypto derivatives for institutional and retail participants.
Conclusion
For U.S. market participants, Cboe continuous futures represent a regulated path to long-term exposure to Bitcoin and Ethereum. Pending approval, the November 10 launch aims to combine centralized clearing, cash settlement, and extended expiries to meet growing demand for secure, transparent crypto derivatives. Watch for official contract specs from Cboe and prepare margin arrangements to participate.
