Cboe to launch perpetual-style Bitcoin and Ether futures in US

Cboe Global Markets is dropping new Bitcoin and Ether "Continuous Futures" on Dec. 15 — giving US traders that sweet perpetual-style exposure they've been craving, but with that regulated futures market vibe.

These aren't your grandpa's futures contracts — they come with a 10-year term and daily cash adjustments that basically mimic perpetual futures economics. Translation: no more annoying position rolling every few months. It's perpetual energy without the offshore exchange sketchiness.

For the normies: futures let you bet on crypto prices moving up or down without actually holding the assets. Perfect for hedging your portfolio or just straight-up gambling with leverage.

Cboe says this structure gives you all the tools from traditional markets — capital efficiency, volatility hedging, tactical trading, and that sweet short exposure when you think everything's about to dump.

The contracts get cleared through Cboe Clear US (so your counterparty risk just dropped to basically zero), with margin rules that play nice with CFTC standards. Plus, you might get cross-margining with existing Cboe crypto futures — pending regulatory green lights, of course.

Trading hours? Try 23 hours a day, five days a week. Because sleep is for the weak when there's money to be made.

Cboe Global Markets runs exchanges across North America and Europe — they're not some random startup. They first teased these "continuous futures" for Bitcoin and Ether back in September, and now they're actually delivering.

US regulators used to block crypto futures harder than your mom blocking your ex on social media — but under President Trump's administration, the gates are finally opening for new crypto-derivatives plays.

Back in April, the CFTC actually asked for public feedback on perpetual derivatives — wanting to understand how these products work, how traders use them, and what it means for market integrity. They're finally catching up to what crypto degens have known for years.

The race is on: Bitnomial launched the first CFTC-regulated XRP futures in March, and Coinbase announced plans for nano-sized Bitcoin and Ether perpetual contracts in July. Everyone wants a piece of this action.

And the market is absolutely massive — we're talking $767 billion in open interest on perpetuals alone as of Monday, according to CoinMarketCap data. That's not pocket change, folks.