Bitcoin & Ethereum: 10-Year Mega Contracts Launch in the US – A Game Changer for Crypto Markets
- Why Is CBOE’s 10-Year Crypto Contract a Big Deal?
- How Do These Contracts Differ from Existing Perpetuals?
- Who’s Already Competing in This Space?
- What Does This Mean for Bitcoin and Ethereum Prices?
- The Bottom Line: A Calculated Gamble
- FAQs: Your Burning Questions Answered
The Chicago Board Options Exchange (CBOE) is making waves with its announcement of 10-year "Continuous Futures" contracts for bitcoin and Ethereum, set to debut on November 10, 2025, pending regulatory approval. These groundbreaking products eliminate the need for quarterly rollovers, cater to institutional investors, and mark a significant shift in regulated crypto derivatives. Here’s why this move could reshape the landscape for BTC and ETH—and what it means for traders.
Why Is CBOE’s 10-Year Crypto Contract a Big Deal?
The CBOE isn’t just dipping its toes back into crypto—it’s diving in headfirst. After stepping back post-2017 Bitcoin futures, the exchange is now introducing a hybrid product blending traditional finance with DeFi’s popular perpetual contracts. The twist? These "Continuous Futures" let investors hold positions forwithout the hassle of periodic renewals. Imagine buying a contract today and forgetting about rollover costs until 2035. That’s institutional-grade convenience.
Source: CIMG
How Do These Contracts Differ from Existing Perpetuals?
Perpetual contracts dominate crypto trading (with $876 billion in global open interest, per CoinMarketCap), but they’re largely confined to offshore platforms like BTCC or unregulated exchanges. CBOE’s version is cash-settled, tracks BTC/ETH spot prices transparently, and—critically—comes with the credibility of a 50-year-old derivatives powerhouse. As one BTCC analyst quipped, "This is like swapping a food truck for a Michelin-starred kitchen."
Who’s Already Competing in This Space?
CBOE isn’t alone. Bitnomial launched the first regulated US crypto perpetuals in April 2025, followed by Coinbase’s "nano" contracts. But CBOE’s 10-year timeframe targets a different audience: pension funds, asset managers, and anyone allergic to quarterly paperwork. The timing couldn’t be better—with the SEC warming to crypto under the current administration, these products might just become the new blue-chip crypto instruments.
Source: DepositPhotos
What Does This Mean for Bitcoin and Ethereum Prices?
Long-term contracts could reduce market friction (goodbye, rollover fees!) but also amplify leverage-induced volatility. Institutions might flock to these tools for multi-year bets, potentially stabilizing prices—or triggering bigger swings. Either way, it’s another step toward crypto’s Wall Street makeover. As of September 2025, BTC and ETH open interest on regulated platforms has already surged 210% year-to-date (TradingView data).
The Bottom Line: A Calculated Gamble
CBOE’s MOVE confirms crypto’s irreversible role in global finance. While these contracts aren’t for retail traders buying coffee with Satoshis, they’ll indirectly benefit from tighter spreads and deeper liquidity. Just remember: sophistication cuts both ways. More tools mean more ways to win—or wipe out.
FAQs: Your Burning Questions Answered
When do CBOE’s 10-year contracts launch?
Pending regulatory approval, the rollout is scheduled for November 10, 2025.
Are these contracts physically settled?
No, they’re cash-settled, meaning profits/losses are paid in USD based on BTC/ETH spot prices.
How does this affect crypto volatility?
Institutions may use these for multi-year hedging, potentially reducing short-term volatility—but increased leverage could have the opposite effect.
