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The derivatives and securities exchange giant Cboe Global Markets is rolling out “perpetual-style” futures contracts for Bitcoin (BTC) and Ethereum (ETH) next month.
Cboe says its new “Continuous Futures” products, which are still subject to regulatory review, will have 10-year expirations at listing and daily cash adjustments, mimicking perpetual exposure.
Rob Hocking, the global head of derivatives at Cboe, says the continuous futures contracts are designed to allow customers to trade a perpetual-like product, typically traded offshore, in a US-regulated environment.
“The structure of Cboe’s Continuous Futures is designed to enable streamlined and efficient portfolio and risk management, while providing investors a controlled way to gain some leveraged exposure to digital assets.”
Cboe Bitcoin Continuous Futures (PBT) and Ether Continuous Futures (PET) products will use real-time rates from the crypto data firm Kaiko to track the price of their respective underlying assets.
Anne-Claire Maurice, Kaiko’s managing director of derived data, says the new products address “a real need for institutional investors seeking efficient, long-term crypto exposure.”
“These continuous futures eliminate the operational friction of rolling positions while maintaining the transparency and oversight that regulated markets provide.”
Both products are scheduled to begin trading on December 15th.
