Cboe Shakes Up US Markets with Revolutionary 10-Year Crypto Continuous Futures Launch
Cboe just dropped a bombshell on traditional finance—10-year continuous futures for crypto are hitting US markets.
Wall Street's Playing Catch-Up
Institutional traders finally get the long-term exposure they've been begging for. No more rolling contracts every quarter—these futures run continuously for a decade. Cboe's move legitimizes crypto as an asset class while giving TradFi exactly what it needs: a way to pretend they invented blockchain.
The Regulatory Green Light
Securities lawyers are probably billing overtime, but Cboe cleared the hurdles. Continuous settlement means smoother pricing—no more quarterly contract chaos. The product targets pension funds and insurers who've been sidelined by crypto's volatility. Now they can hedge like the rest of us, just ten years later.
Why This Changes Everything
This isn't just another derivative—it's a maturity milestone. Ten-year horizons signal confidence in crypto's longevity. It also gives crypto natives a tool to short their own bags with institutional-grade precision. Because nothing says 'financial innovation' like betting against your convictions with leverage.
Wall Street's latest 'innovation'? Packaging crypto for investors who still think ETFs are edgy.
Long-Dated Contracts for Bitcoin and Ether
Cboe Global Markets, a major derivatives and securities exchange operator, announced plans to launch Continuous futures on the Cboe Futures Exchange (CFE). The launch is subject to regulatory approval and is expected to debut on November 10, 2025. The products will include Bitcoin and ether contracts with maturities of up to 10 years, which differ from traditional futures that require frequent rollovers.
Continuous futures are long-dated contracts similar to perpetual futures offered on offshore platforms. However, unlike perpetuals, they carry a defined maturity of up to 10 years. They also use daily funding adjustments tied to spot prices. This setup allows traders to maintain positions over long periods without rolling contracts every quarter or month. In addition, the design provides a regulated alternative to offshore perpetual futures, which can be more volatile and often lack centralized clearing.
The contracts are cash-settled, with daily adjustments linked to spot prices. This mechanism allows traders to manage long-term positions efficiently and simplifies operational management compared with sequential expiring contracts. Moreover, observers note that these features could make the products more accessible for institutional and retail investors in the US market.
Regulatory Framework and Market Oversight
Cboe designed the contracts to comply with US regulations. All trades will clear through Cboe Clear U.S., which the Commodity Futures Trading Commission (CFTC) oversees. This ensures the contracts operate within a regulated clearing framework.
Market experts explain that perpetual-style contracts have gained popularity on offshore platforms. Meanwhile, Cboe’s offering brings a similar structure into a US-regulated environment. Cboe’s Options Institute will host public educational sessions on October 30 and November 20. These sessions will cover contract design, trading mechanics, and clearing procedures.
The launch will represent one of the longest-dated regulated crypto futures in the US. It reflects growing institutional interest in crypto investment products while remaining within domestic regulatory requirements.
