On November 10, 2025, Cboe Global Markets will introduce perpetual futures for Bitcoin and Ethereum. This is a major development in bringing crypto derivatives under U.S. regulation.
Unlike traditional futures that have an expiration date, Cboe’s new contracts will have maturities of up to 10 years. This design is intended to make it easier and more cost-effective for investors to manage long-term exposure without the need to frequently roll over their positions.
According to Catherine Clay, Cboe’s global derivatives chief, there is strong demand from institutions, existing clients, and retail traders for a regulated alternative to offshore perpetual futures markets. The new products will provide a transparent and centrally cleared environment for trading these derivatives.
If successful, this move by Cboe could change how Americans trade Bitcoin and Ethereum, offering the flexibility of perpetual exposure within a regulated market.
September 2025, Cryptoniteuae
