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Cboe Sets Dec. 15 Launch for U.S.-Regulated Bitcoin and Ether Continuous Futures

The contracts aim to provide perpetual-style crypto exposure within a centrally cleared U.S. market overseen by the CFTC.

Overview

  • Cboe plans to list Bitcoin Continuous Futures (PBT) and Ethereum Continuous Futures on the Cboe Futures Exchange on December 15, pending regulatory approval.
  • Each contract features a 10-year expiration with a daily cash adjustment that maintains continuous exposure without manual rollovers.
  • Real-time pricing from Kaiko and a daily funding amount are designed to keep futures closely aligned with the spot market.
  • The products will be cash-settled and cleared through Cboe Clear U.S., which is intended to reduce counterparty risk.
  • Margin will follow CFTC rules with potential offsets against CFE’s financially settled bitcoin (FBT) and ether (FET) futures, following a previously delayed November target.