In what can only be described as the financial equivalent of a Netflix series you can’t stop binge-watching-even though you’re pretty sure it’s ruining your life-Cboe Global Markets has decided to bring “continuous futures” contracts for Bitcoin and Ether to the US. Because who doesn’t want to gamble on imaginary internet money for the next ten years?
Cboe, the derivatives exchange under the very serious-sounding Chicago Board Options Exchange, announced on a Tuesday-which clearly means it’s official-that these contracts are slated for launch on November 10. Of course, provided that regulatory overlords give the green light, because apparently, even the Wild West of crypto needs a chaperone.
These continuous futures for Bitcoin (BTC) and Ether (ETH) come with a 10-year expiration date. Yes, a whole decade! That’s like promising your kids they can keep the family dog “forever,” except in this case, it’s your money trapped in a never-ending game of financial freeze tag. The big selling point? You don’t have to roll your positions over like some financial yoga mat every few months. Apparently, simplicity is sexy in the world of complex money stuff.
Unlike your grandma’s old-school futures contracts that require frequent rolling (because who wants commitment?), these continuous futures operate more like the financial equivalent of a never-ending burrito-perpetual contracts with no expiry date, widely adored in DeFi circles and shady offshore exchanges where nobody really remembers your name.
Cash-settled contracts (because why complicate misery?)
Instead of dealing with the mess of actually exchanging Bitcoin or Ether, Cboe’s contracts will be settled in cold, hard cash, aligned closely with the spot prices of BTC and ETH. Transparent funding, they say. Transparent? Sure. Like those “organic” cookies you found hidden behind the kale.
“Perpetual-style futures have been killing it offshore, so naturally, Cboe thought, ‘Let’s bring this party to the U.S.,’” said Catherine Clay, Global Head of Derivatives at Cboe, presumably while sipping a very strong coffee.
To put things in perspective: perps currently account for 68% of all Bitcoin trading volume in crypto this year, according to Kaiko research. In case you were wondering, that means people are really obsessed with a contract that basically says, “Hold on to this ride forever, baby.” 🚀
More exotic crypto derivatives? Yes, please! 🦄
These continuous futures aren’t your regular, boring Bitcoin futures from 2017. No, these are the shiny new model, designed to dazzle and confuse alike. This launch marks Cboe’s “We’re back!” moment after their somewhat mysterious crypto hiatus.
US regulators, who traditionally have been suspicious of anything resembling fun, have apparently loosened their grip post-Trump era, letting more crypto goodies through the door. Bless their cautious hearts.
Who beat Cboe to the crypto perp punch?
In case you thought Cboe was the cool kid discovering cozy crypto futures first-hold up! Bitnomial was actually the first to roll out US perpetual futures contracts back in April. Coinbase decided to crash the party with their nano Bitcoin and Ether perpetual futures in July. Nano futures: because regular futures didn’t feel quite tiny and complicated enough.
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2025-09-10 08:04