‘Perpetual-Style’ Crypto Futures Coming to U.S. as Cboe Eyes November Launch

Core Viewpoint - Cboe plans to launch "Continuous futures" for bitcoin and ether on November 10, pending regulatory approval, aiming to adapt perpetual futures contracts to U.S. regulations [1][4] Group 1: Product Features - Cboe's Continuous futures contracts will have a duration of up to 10 years, unlike traditional futures that expire monthly or quarterly, reducing the need for traders to roll positions [2] - The contracts will be adjusted daily against spot prices through a transparent funding rate mechanism, allowing long-term exposure without the need for rebalancing [2][3] - Settlement of the contracts will be in cash, meaning no actual bitcoin or ether will change hands, with payouts linked to the spot price of the cryptocurrencies [3] Group 2: Market Impact - Continuous futures are expected to attract institutional market participants, existing CFE customers, and a growing segment of retail traders interested in crypto derivatives [4] - The futures will be cleared through Cboe Clear U.S., which is regulated by the Commodity Futures Trading Commission (CFTC) [4]