Overview

• Cboe plans to list Continuous futures for bitcoin and ether on November 10, 2025 on Cboe Futures Exchange, pending regulatory approval.
• Each product is a single contract with an expiration of up to 10 years, designed to reduce rollover costs and complexity for long-term positions.
• Pricing will align with spot markets through daily cash adjustments that follow a transparent funding-rate-style methodology.
• The contracts settle in cash and will clear at Cboe Clear U.S., a derivatives clearing organization regulated by the CFTC, offering an onshore alternative to offshore perpetuals for institutions and retail traders.
• Cboe’s Options Institute will host public education sessions on October 30 and November 20, as regulators prepare a joint SEC–CFTC roundtable on digital assets on September 29.