Cboe to launch perpetual-style bitcoin and ether futures on Dec. 15

Cboe Global Markets announced plans to launch perpetual-style bitcoin and ether futures, termed "continuous" futures, on December 15, subject to regulatory approval. These products, listed on Cboe Futures Exchange, aim to provide traders with long-term, perpetual-like exposure to BTC and ETH without the need to roll contracts, featuring a 10-year expiration and daily cash adjustments to track underlying asset prices. Rob Hocking of Cboe noted the excitement in bringing these historically offshore-traded products into a U.S.-regulated environment for efficient risk management. The contracts (PBT for bitcoin and PET for ether) will trade nearly 24/5, be cash-settled, and cleared through Cboe Clear U.S., with margin requirements under CFTC rules. This move follows an initial target launch date of November 10 and coincides with rising institutional demand, as evidenced by Singapore Exchange also planning to launch similar products.

(Source：The Block)