Cboe to Launch Bitcoin (BTC), Ether (ETH) ‘Perpetual-Style’ Crypto Futures on Dec. 15

Cboe Global Markets is set to launch Bitcoin Continuous Futures (PBT) and Ether Continuous Futures (PET) on December 15, making it the first U.S. exchange to offer crypto derivatives structured like perpetual futures. These contracts are designed for traders seeking long-term crypto exposure without the need to roll over expiring contracts. Each product will feature a 10-year expiration and be cash-settled, utilizing daily funding adjustments to track spot prices, similar to perpetuals. Rob Hocking, Cboe’s global head of derivatives, stated the structure aims for efficient risk management while offering controlled, leveraged exposure. Crucially, these products adhere to U.S. regulatory standards, with clearing managed by the CFTC-regulated Cboe Clear U.S., appealing to institutions wary of offshore platforms due to regulatory uncertainty. Trading will occur nearly around the clock, and the contracts will allow for shorting and margin trading.

(Source：CoinDesk)