Cboe Launches 10-Year BTC & ETH Futures

Bitcoin futures markets are set to expand quite significantly right now, as Cboe plans to launch some 10-year Bitcoin and Ethereum futures, bringing U.S.-regulated access to what are essentially perpetual-style trading products. The Chicago Board Options Exchange has announced that these Bitcoin futures will begin trading on November 10, pending regulatory review, which marks a pretty pivotal moment for institutional crypto derivatives.

Cboe homepage showing trading platform – Source: CBOECboe homepage showing trading platform – Source: CBOE## Cboe’s 10-Year Bitcoin and Ethereum Futures Bring Regulated Access

Bitcoin bull market with green upward arrow – Source: BitcoinmagazineBitcoin bull market with green upward arrow – Source: BitcoinmagazineThe derivatives exchange will be introducing continuous Bitcoin futures along with Ethereum futures that have unprecedented 10-year expiration periods. These U.S.-regulated products actually eliminate the need for quarterly rolling, which simplifies position management for institutional traders quite a bit.

Catherine Clay, Global Head of Derivatives at Cboe, stated:

“Perpetual-style futures have gained strong adoption in offshore markets. Now, Cboe is bringing that same utility to our U.S.-regulated futures exchange.”

“Perpetual-style futures have gained strong adoption in offshore markets. Now, Cboe is bringing that same utility to our U.S.-regulated futures exchange.”

JUST IN: World's leading derivatives exchange CBOE to "launch continuous futures for Bitcoin"

Bullish! pic.twitter.com/GDc1fV5XCp

— Bitcoin Magazine (@BitcoinMagazine) September 9, 2025

JUST IN: World's leading derivatives exchange CBOE to "launch continuous futures for Bitcoin"

Bullish! pic.twitter.com/GDc1fV5XCp

The continuous Bitcoin futures will be cash-settled and Cboe adjusts them daily to spot prices using transparent funding methodologies. Cboe’s return to crypto derivatives represents a major shift, as the exchange launched their original Bitcoin futures back in 2017 but later discontinued them.

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Also Read: Fidelity Investments Files for Spot Solana SOL ETF with CBOE### Market Impact and Trading Structure

These Ethereum futures and Bitcoin futures will actually trade on Cboe Futures Exchange, and they’re being cleared through the CFTC-regulated Cboe Clear U.S. The 10-year expiration structure addresses institutional demand for long-term crypto exposure without the operational complexity that comes with it.

Cryptocurrency futures open interest dashboard – Source: CoinMarketCapCryptocurrency futures open interest dashboard – Source: CoinMarketCapPerpetual contracts currently represent about 68% of Bitcoin trading volume in 2025, at the time of writing. The U.S.-regulated environment provides institutional confidence that offshore markets simply cannot match right now.

Clay emphasized the broader market appeal:

“We expect Continuous futures to appeal to not only institutional market participants and existing CFE customers, but also to a growing segment of retail traders seeking access to crypto derivatives.”

“We expect Continuous futures to appeal to not only institutional market participants and existing CFE customers, but also to a growing segment of retail traders seeking access to crypto derivatives.”

Also Read: $1.5 Trillion Franklin Templeton Files for Spot XRP ETF with CBOE

Also Read: $1.5 Trillion Franklin Templeton Files for Spot XRP ETF with CBOEThe Options Institute will actually host educational sessions on October 30 and November 20 to prepare traders for these new Bitcoin futures and Ethereum futures products.