Cboe Bitcoin Futures: A Pivotal Leap with 10-Year Ethereum Futures in the US Market

The landscape of cryptocurrency trading in the United States is poised for a significant transformation. Cboe Global Markets, a leading derivatives exchange, announced plans to launch innovative 10-year-dated Bitcoin and Ethereum futures. This development marks a pivotal moment for US traders seeking advanced investment vehicles. Consequently, it introduces a popular product structure from decentralized finance (DeFi) to regulated US markets.

Cboe Bitcoin Futures and Ethereum Futures US Launch

Cboe Global Markets will introduce new ‘continuous futures’ contracts for Bitcoin (BTC) and Ether (ETH) on November 10. This launch, pending regulatory approval, represents a major step forward. These **Cboe Bitcoin futures** and **Ethereum futures US** will offer US traders unique, long-dated contracts. Specifically, they feature a 10-year expiration period. This design significantly reduces the need to roll positions over time. Ultimately, it simplifies overall position management for investors.

• Long-Dated Contracts: Offers a single contract with a decade-long expiry.
• Reduced Rolling: Eliminates the frequent need to transfer positions to new contracts.
• Simplified Management: Streamlines the trading process for long-term strategies.

Unlike traditional futures, which typically have shorter expiry cycles, these continuous futures function similarly to perpetual contracts. Perpetual contracts have no expiry date and enjoy immense popularity in offshore markets and DeFi platforms. Furthermore, Cboe’s contracts will be cash-settled. They align transparently with the spot prices of BTC and ETH, ensuring fair market representation.

The Rise of Continuous Futures Crypto in Regulated Markets

The introduction of **continuous futures crypto** by Cboe signals a growing demand for sophisticated trading products within regulated frameworks. Catherine Clay, Global Head of Derivatives at Cboe, emphasized this shift. She stated, “Perpetual-style futures have gained strong adoption in offshore markets. Now, Cboe is bringing that same utility to our US-regulated futures exchange.” This move aims to bridge the gap between popular DeFi instruments and traditional financial markets.

Market data underscores the importance of perpetuals. According to Kaiko research, perpetuals accounted for 68% of all Bitcoin trading volume in crypto during 2025. Moreover, the open interest in crypto perpetuals stands at a staggering $876 billion. This significant volume highlights their efficiency and appeal among traders globally. Bringing such products onshore offers US investors greater access and regulatory clarity.

Expanding the US Crypto Derivatives Market

This launch marks Cboe’s renewed commitment to expanding its crypto derivatives offerings. Cboe had previously stepped back from the market after its initial Bitcoin futures offerings began in 2017. However, the current regulatory environment appears more accommodating. US financial regulators have historically prevented exchanges from launching certain crypto products. Nonetheless, under the Trump administration, a friendlier approach to crypto has emerged. This shift opens the door for more diverse **crypto derivatives market** products.

The evolving regulatory stance allows for innovation. Consequently, it fosters a more mature and robust US crypto market. This new product structure represents a different approach from Cboe’s previous ventures. It indicates a strategic pivot towards meeting the modern demands of crypto traders. The enhanced regulatory clarity offers institutions greater confidence to engage with these complex instruments.

Pioneering Perpetual Contracts US: A Competitive Landscape

While Cboe’s offering is significant, it is not the first to bring perpetual contracts to US traders. Other exchanges have already made strides in this area. Bitnomial notably launched the first US perpetual futures contracts in April. Coinbase followed suit, introducing its nano Bitcoin Perpetual Futures and nano Ether Perpetual Futures in July. These earlier launches set a precedent for **perpetual contracts US** within a regulated environment.

Cboe’s entry into this competitive space brings further institutional weight and a unique long-dated structure. The 10-year expiry differentiates Cboe’s product. It caters to specific long-term investment strategies that other offerings might not fully address. This competition ultimately benefits traders by providing more choices and fostering innovation across the market.

Impact and Future Outlook for US Crypto Trading

The introduction of 10-year **Cboe Bitcoin futures** and **Ethereum futures US** will likely have a profound impact on the US crypto trading landscape. Traders gain access to a powerful tool for long-term exposure and risk management. Furthermore, the simplified position management offered by continuous futures will attract a broader range of investors, including institutions.

This development signifies the ongoing maturation of the **crypto derivatives market** in the United States. It brings it closer to the sophistication seen in traditional financial markets. Ultimately, it provides US traders with more robust and flexible options for engaging with digital assets. The move underscores a growing acceptance and integration of cryptocurrencies into mainstream finance.