- Cboe to launch perpetual Bitcoin and Ethereum futures.
- U.S.-regulated, transparent market setting.
- Potential changes in institutional participation and market liquidity.
Cboe Futures Exchange is set to launch perpetual-style Bitcoin and Ether futures on December 15, 2025, from its U.S.-regulated platform, marking a significant financial offering.
Cboe’s launch represents a pivotal shift toward U.S.-regulated perpetual futures, impacting institutional investment strategies and market transparency while potentially influencing Bitcoin and Ethereum liquidity.
Cboe Futures Exchange announced the launch of perpetual-style Bitcoin and Ethereum futures on December 15, 2025. These Continuous Futures will be integrated into Cboe’s U.S.-regulated derivatives platform, marking a pivotal shift in crypto futures trading.
Led by Cboe Global Markets, Inc., and the Cboe Futures Exchange, the initiative features Rob Hocking as the key leader. The product offers a 10-year expiry for BTC and ETH futures, providing streamlined and efficient portfolio management.
The introduction of perpetual futures is set to significantly impact institutional investors seeking regulated crypto market participation. As perpetual futures have historically been traded offshore, this move integrates them into U.S. markets. With the CFTC-regulated Cboe Clear U.S. LLC as the clearing partner, counterparty risk is minimized. There’s potential for enhanced institutional capital flows and liquid trading environments for Bitcoin and Ethereum.
